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 authorized a share repurchase plan on Wednesday, February 28th 2018, which allows the company to buyback $120,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

TriNet Group Inc (NYSE:TNET) posted its earnings results on Thursday, February, 13th. The business services provider reported $0.84 earnings per share for the quarter, hitting the 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 issued an update on its first quarter earnings guidance on Thursday, February, 13th. The company provided earnings per share guidance of $0.86-$1.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $276-$278.6, compared to the consensus revenue estimate of $264.33 million.

3 equities research analysts have issued 1-year target prices for TriNet Group's stock. Their forecasts range from $52.00 to $80.00. On average, they expect TriNet Group's share price to reach $66.00 in the next year. This suggests a possible upside of 10.7% 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.

News coverage about TNET stock has been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog 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 -2.2 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for TriNet Group.

TriNet Group saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,090,000 shares, a decline of 7.1% from the January 15th total of 2,250,000 shares. Based on an average trading volume of 392,300 shares, the days-to-cover ratio is currently 5.3 days. Approximately 5.0% of the company's shares 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), Zillow Group (ZG), Zillow Group (Z), Fair Isaac (FICO), The Western Union (WU), WEX (WEX), Nielsen (NLSN), Etsy (ETSY), CDK Global (CDK), Healthequity (HQY), GrubHub (GRUB), Ritchie Bros. Auctioneers (RBA) and Alliance Data Systems (ADS).

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), Bristol-Myers Squibb (BMY), Home Depot (HD) and Insperity (NSP).

TriNet Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Cantillon Capital Management LLC (5.79%), ArrowMark Colorado Holdings LLC (5.74%), Janus Henderson Group PLC (1.52%), Cramer Rosenthal Mcglynn LLC (1.48%), State Street Corp (1.32%) and Geode Capital Management LLC (1.01%). 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 Janus Henderson Group PLC, Cramer Rosenthal Mcglynn LLC, Prudential Financial Inc., Renaissance Technologies LLC, FMR LLC, Acadian Asset Management LLC, Cantillon Capital Management LLC and Chicago Equity Partners LLC. 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 purchased by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Reinhart Partners Inc., Highside Global Management LLC, Massachusetts Financial Services Co. MA, Barclays PLC, Prana Capital Management LP, Aigen Investment Management LP and State of New Jersey Common Pension Fund D. 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 $59.60.

TriNet Group has a market capitalization of $4.10 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]