NYSE:TNET - TriNet Group Stock Price, Forecast & News

TriNet Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNET."

TriNet Group declared that its board has approved a share buyback plan on Wednesday, February 28th 2018, which authorizes the company to repurchase $120,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

TriNet Group Inc (NYSE:TNET) released its earnings results on Thursday, October, 24th. The business services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.13. The business services provider earned $221 million during the quarter, compared to the consensus estimate of $226.76 million. TriNet Group had a net margin of 5.14% and a return on equity of 44.11%. The business's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. View TriNet Group's Earnings History.

TriNet Group is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for TriNet Group.

4 Wall Street analysts have issued 1-year target prices for TriNet Group's shares. Their forecasts range from $46.80 to $80.00. On average, they expect TriNet Group's stock price to reach $59.70 in the next year. This suggests a possible upside of 6.0% from the stock's current price. View Analyst Price Targets for TriNet Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TriNet Group.

News coverage about TNET stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. TriNet Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for TriNet Group.

TriNet Group saw a decrease in short interest in December. As of December 13th, there was short interest totalling 2,170,000 shares, a decrease of 6.9% from the November 28th total of 2,330,000 shares. Based on an average daily trading volume, of 425,700 shares, the days-to-cover ratio is currently 5.1 days. Currently, 5.2% of the shares of the stock are sold short. View TriNet Group's Current Options Chain.

Some companies that are related to TriNet Group include Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), LYFT (LYFT), Fair Isaac (FICO), The Western Union (WU), Zillow Group (Z), Zillow Group (ZG), WEX (WEX), Nielsen (NLSN), CDK Global (CDK), Etsy (ETSY), GrubHub (GRUB), Healthequity (HQY), Alliance Data Systems (ADS) and Ritchie Bros. Auctioneers (RBA).

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Tesla (TSLA), Intel (INTC), Twitter (TWTR), Comcast (CMCSA), Regeneron Pharmaceuticals (REGN), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY), Home Depot (HD) and Insperity (NSP).

TriNet Group's stock is owned by many different of retail and institutional investors. Top institutional investors include James Investment Research Inc. (0.03%), Mirador Capital Partners LP (0.02%), New York State Teachers Retirement System (0.01%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) and Strs Ohio (0.00%). Company insiders that own TriNet Group stock include Brady Mickelsen, Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, LP Agi-T, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain and Wayne B Lowell. View Institutional Ownership Trends for TriNet Group.

TNET stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, James Investment Research Inc. and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have sold TriNet Group company stock in the last year include Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain and Wayne B Lowell. View Insider Buying and Selling for TriNet Group.

TNET stock was acquired by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System and Mirador Capital Partners LP. View Insider Buying and Selling for TriNet Group.

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

One share of TNET stock can currently be purchased for approximately $56.32.

TriNet Group has a market capitalization of $3.93 billion and generates $3.50 billion in revenue each year. The business services provider earns $192 million in net income (profit) each year or $2.57 on an earnings per share basis. TriNet Group employs 3,100 workers across the globe.View Additional Information About TriNet Group.

The official website for TriNet Group is http://www.trinet.com/.

TriNet Group's mailing address is ONE PARK PLACE SUITE 600, DUBLIN CA, 94568. The business services provider can be reached via phone at 510-352-5000 or via email at [email protected]