TriNet Group (TNET) Stock Price, News & Analysis

Company Overview

TriNet Group, Inc. provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It also provides technology platform, an online and mobile tool that allows users to store, view, and manager HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization clients to generate HR data, payroll, compensation, and other custom reports. The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

Key Stats

• Today's Range: $89.27 to $94.77
• 50-Day Range: $80.29 to $98.41
• 52-Week Range: $74.32 to $134.67
• Volume: 392,768 shs
• Average Volume: 301,662 shs
• Market Capitalization: $4.67 billion
• P/E Ratio: 18.16
• Dividend Yield: 1.06%
• Price Target: $117.00
• Consensus Rating: Hold

TriNet Group Stock Analysis - MarketRank™

TriNet Group scored higher than 84% of companies evaluated by MarketBeat, and ranked 31st out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

TriNet Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

TriNet Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.80%

Earnings Growth

Earnings for TriNet Group are expected to grow by 12.80% in the coming year, from $4.14 to $4.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TriNet Group is 18.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of TriNet Group is 18.16, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.21.

Price to Book Value per Share Ratio

TriNet Group has a P/B Ratio of 61.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.99% of the float of TriNet Group has been sold short.

Short Interest Ratio / Days to Cover

TriNet Group has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in TriNet Group has recently decreased by 8.28%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

TriNet Group pays a meaningful dividend of 1.09%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TriNet Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TriNet Group is 19.27%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, TriNet Group will have a dividend payout ratio of 21.41% next year. This indicates that TriNet Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.99% of the float of TriNet Group has been sold short.

Short Interest Ratio / Days to Cover

TriNet Group has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in TriNet Group has recently decreased by 8.28%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 1.00

News Sentiment

TriNet Group has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for TriNet Group this week, compared to 4 articles on an average week.

Search Interest

2 people have searched for TNET on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added TriNet Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TriNet Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $514,498.00 in company stock.

Percentage Held by Insiders

37.10% of the stock of TriNet Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

96.81% of the stock of TriNet Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TNET Stock Analysis - Frequently Asked Questions

How have TNET shares performed this year?

TriNet Group's stock was trading at $118.93 at the beginning of the year. Since then, TNET shares have decreased by 20.8% and is now trading at $94.24.
View the best growth stocks for 2024 here.

How were TriNet Group's earnings last quarter?

TriNet Group, Inc. (NYSE:TNET) issued its quarterly earnings results on Sunday, October, 24th. The business services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.52. TriNet Group's revenue was up 12.8% on a year-over-year basis.

Who are TriNet Group's major shareholders?

Top institutional investors of TriNet Group include Mawer Investment Management Ltd. (7.37%), Massachusetts Financial Services Co. MA (3.25%), Wellington Management Group LLP (2.67%) and State Street Corp (1.56%). Insiders that own company stock include LP Agi-T, Burton M Goldfield, H Raymond Bingham, Wayne B Lowell, Kelly L Tuminelli, Samantha Wellington, Paul Edward Chamberlain, Alexander G Warren, Jonathan D Lee, Ralph A Clark and Martin Babinec.
View institutional ownership trends.

How do I buy shares of TriNet Group?

Shares of TNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TriNet Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TriNet Group investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), General Electric (GE) and Adobe (ADBE).

Company Calendar

• Last Earnings: 10/24/2021
• Ex-Dividend for 10/28 Dividend: 10/01/2024
• Dividend Payable: 10/28/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NYSE:TNET
• CUSIP: N/A
• CIK: 937098
• Web: www.trinet.com
• Phone: (510) 352-5000
• Fax: 510-352-6480
• Employees: 3,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $117.00
• High Stock Price Target: $140.00
• Low Stock Price Target: $103.00
• Potential Upside/Downside: +24.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.19
• Trailing P/E Ratio: 18.16
• Forward P/E Ratio: 22.76
• P/E Growth: N/A
• Net Income: $375 million
• Net Margins: 5.29%
• Pretax Margin: 7.02%
• Return on Equity: 248.94%
• Return on Assets: 7.42%

Debt

• Debt-to-Equity Ratio: 7.70
• Current Ratio: 1.07
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $4.92 billion
• Price / Sales: 0.95
• Cash Flow: $10.66 per share
• Price / Cash Flow: 8.84
• Book Value: $1.54 per share
• Price / Book: 61.19

Miscellaneous

• Outstanding Shares: 49,580,000
• Free Float: 31,183,000
• Market Cap: $4.67 billion
• Optionable: Optionable
• Beta: 1.20