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 of Directors has initiated 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

TriNet Group Inc (NYSE:TNET) posted its quarterly earnings results on Thursday, February, 13th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.84. The business services provider had revenue of $226 million for the quarter, compared to analyst estimates of $225.73 million. TriNet Group had a net margin of 5.50% and a return on equity of 45.67%. View TriNet Group's Earnings History.

TriNet Group is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for TriNet Group.

TriNet Group updated its first quarter earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $0.86-$1.04 for the period, compared to the Thomson Reuters consensus estimate of $0.92. The company issued revenue guidance of $276-$278.6, compared to the consensus revenue estimate of $264.33 million.

3 brokerages have issued twelve-month price targets for TriNet Group's stock. Their forecasts range from $52.00 to $80.00. On average, they expect TriNet Group's stock price to reach $66.00 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about TNET stock has been trending somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TriNet Group earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for TriNet Group.

TriNet Group saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,090,000 shares, a drop of 7.1% from the January 15th total of 2,250,000 shares. Based on an average daily volume of 392,300 shares, the short-interest ratio is presently 5.3 days. Approximately 5.0% of the company's shares are short sold. 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), Healthequity (HQY), Alliance Data Systems (ADS), Ritchie Bros. Auctioneers (RBA) and MAXIMUS (MMS).

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), Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN), Walgreens Boots Alliance (WBA), Bristol-Myers Squibb (BMY) and Home Depot (HD).

TriNet Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Cantillon Capital Management LLC (5.79%), ArrowMark Colorado Holdings LLC (5.74%), Cramer Rosenthal Mcglynn LLC (1.48%), State Street Corp (1.32%), Emerald Advisers LLC (0.78%) and Charles Schwab Investment Management Inc. (0.63%). 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 Cramer Rosenthal Mcglynn LLC, Prudential Financial Inc., Renaissance Technologies LLC, FMR LLC, Acadian Asset Management LLC, Cantillon Capital Management LLC, Chicago Equity Partners LLC and Panagora Asset Management Inc.. 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 ArrowMark Colorado Holdings LLC, Reinhart Partners Inc., Massachusetts Financial Services Co. MA, Barclays PLC, Prana Capital Management LP, Aigen Investment Management LP, State of New Jersey Common Pension Fund D and Landscape Capital Management L.L.C.. 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 $61.00.

TriNet Group has a market capitalization of $4.26 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 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]