TriNet Group (NYSE:TNET) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• Shares crossed above the 50-day moving average, trading as high as $40.22 (last $40.09) and rising about 3.0%, with a market cap around $1.85 billion.
• Analyst sentiment is mixed-to-negative: the consensus rating is "Reduce" with an average target of $65.80 after several price-target cuts and a mix of 1 Buy, 4 Hold and 2 Sell ratings.
• TriNet beat quarterly EPS estimates and set FY2026 guidance of 3.70–4.70 EPS, while raising the quarterly dividend to $0.29 and authorizing a $400 million buyback (about 18.4% of shares).

TriNet Group, Inc. (NYSE:TNET - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $37.83 and traded as high as $40.22. TriNet Group shares last traded at $40.0880, with a volume of 300,863 shares.

Analysts Set New Price Targets

TNET has been the topic of several recent research reports. Stifel Nicolaus cut their price target on TriNet Group from $97.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Weiss Ratings reiterated a "sell (d+)" rating on shares of TriNet Group in a research note on Wednesday, January 21st. Zacks Research raised TriNet Group from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Finally, TD Cowen cut their target price on shares of TriNet Group from $65.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $65.80.

TriNet Group Stock Up 3.0%

The firm's 50-day moving average price is $37.83 and its two-hundred day moving average price is $51.49. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $1.85 billion, a PE ratio of 12.69 and a beta of 0.87.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.09. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $251.57 million. During the same period last year, the firm posted $0.44 EPS. The company's revenue was down 2.3% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts expect that TriNet Group, Inc. will post 3.17 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. TriNet Group's dividend payout ratio is 36.71%.

TriNet Group announced that its board has approved a share buyback program on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the sale, the senior vice president directly owned 55,750 shares of the company's stock, valued at approximately $2,063,865. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 38.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TNET. Boston Partners purchased a new stake in TriNet Group in the third quarter valued at approximately $97,712,000. Northwestern Mutual Wealth Management Co. grew its position in shares of TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider's stock worth $41,944,000 after acquiring an additional 709,339 shares during the last quarter. Norges Bank acquired a new position in shares of TriNet Group in the 4th quarter valued at $28,266,000. Millennium Management LLC increased its holdings in shares of TriNet Group by 1,047.5% in the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider's stock valued at $27,675,000 after acquiring an additional 427,242 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider's stock valued at $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Company Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers' compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.

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