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NYSE:TNETTriNet Group Stock Price, Forecast & News

$53.83
-3.01 (-5.30 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$53.56
Now: $53.83
$57.48
50-Day Range
$39.58
MA: $46.57
$56.84
52-Week Range
$27.79
Now: $53.83
$76.92
Volume322,267 shs
Average Volume494,550 shs
Market Capitalization$3.62 billion
P/E Ratio15.79
Dividend YieldN/A
Beta1.93
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services. It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality. The company markets its solutions through its sales representatives. TriNet Group, Inc. was founded in 1988 and is headquartered in Dublin, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 5.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
Phone510-352-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.86 billion
Cash Flow$3.89 per share
Book Value$7.92 per share

Profitability

Net Income$212 million

Miscellaneous

Employees2,900
Market Cap$3.62 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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TriNet Group (NYSE:TNET) Frequently Asked Questions

How has TriNet Group's stock been impacted by COVID-19 (Coronavirus)?

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNET shares have increased by 7.5% and is now trading at $53.83. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TriNet Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TriNet Group.

When is TriNet Group's next earnings date?

TriNet Group is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for TriNet Group.

How were TriNet Group's earnings last quarter?

TriNet Group Inc (NYSE:TNET) announced its quarterly earnings data on Tuesday, April, 28th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.58. The business services provider had revenue of $283 million for the quarter, compared to the consensus estimate of $245.95 million. TriNet Group had a net margin of 6.05% and a return on equity of 48.47%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. View TriNet Group's earnings history.

What price target have analysts set for TNET?

3 Wall Street analysts have issued 1-year price targets for TriNet Group's stock. Their forecasts range from $44.00 to $80.00. On average, they anticipate TriNet Group's stock price to reach $62.00 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View analysts' price targets for TriNet Group.

Has TriNet Group been receiving favorable news coverage?

Headlines about TNET stock have been trending somewhat positive on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TriNet Group earned a coverage optimism score of 0.7 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutTriNet Group.

Are investors shorting TriNet Group?

TriNet Group saw a decline in short interest in May. As of May 15th, there was short interest totaling 3,210,000 shares, a decline of 7.0% from the April 30th total of 3,450,000 shares. Based on an average trading volume of 620,500 shares, the short-interest ratio is presently 5.2 days. Approximately 7.8% of the shares of the stock are short sold. View TriNet Group's Current Options Chain.

Who are some of TriNet Group's key competitors?

What other stocks do shareholders of TriNet Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD), Twitter (TWTR), Gilead Sciences (GILD), Intel (INTC), Netflix (NFLX), Verizon Communications (VZ), Boeing (BA) and Alibaba Group (BABA).

Who are TriNet Group's key executives?

TriNet Group's management team includes the following people:
  • Mr. Burton M. Goldfield, Pres, CEO & Director (Age 63)
  • Mr. Richard J. Beckert, CFO & Sr. VP (Age 57)
  • Ms. Samantha Wellington, Sr. VP, Chief Legal Officer & Sec. (Age 41)
  • Mr. Edward Ray Griese, Sr. VP of Insurance Services (Age 56)
  • Mr. Barrett Boston, Sr. VP & Chief Revenue Officer (Age 46)

What is TriNet Group's stock symbol?

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

Who are TriNet Group's major shareholders?

TriNet Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (10.89%), ArrowMark Colorado Holdings LLC (7.66%), Cantillon Capital Management LLC (5.92%), BlackRock Inc. (4.90%), TimesSquare Capital Management LLC (2.07%) and Harbor Spring Capital LLC (1.52%). 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.

Which major investors are selling TriNet Group stock?

TNET stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, Cramer Rosenthal Mcglynn LLC, Janus Henderson Group PLC, BlackRock Inc., Morgan Stanley, and Mercer Global Advisors Inc. ADV. 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 activity for TriNet Group.

Which major investors are buying TriNet Group stock?

TNET stock was bought by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Harbor Spring Capital LLC, Wellington Management Group LLP, Russell Investments Group Ltd., Two Sigma Advisers LP, Reinhart Partners Inc., Bogle Investment Management L P DE, and Massachusetts Financial Services Co. MA. View insider buying and selling activity for TriNet Group.

How do I buy shares of 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.

What is TriNet Group's stock price today?

One share of TNET stock can currently be purchased for approximately $53.83.

How big of a company is TriNet Group?

TriNet Group has a market capitalization of $3.62 billion and generates $3.86 billion in revenue each year. The business services provider earns $212 million in net income (profit) each year or $2.90 on an earnings per share basis. TriNet Group employs 2,900 workers across the globe.

What is TriNet Group's official website?

The official website for TriNet Group is www.trinet.com.

How can I contact TriNet Group?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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