TriNet Group, Inc. provides human resources (HR) solutions for small and midsize 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 serves clients in various industries, including technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality. The company sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.
IPO Year: 2014
Exchange: NYSE
Website: trinet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | Buy → Hold | Needham | |
| 10/22/2024 | $103.00 | Underweight | JP Morgan |
| 11/7/2023 | $110.00 | Neutral | UBS |
| 8/7/2023 | $95.00 → $125.00 | Market Perform → Outperform | TD Cowen |
| 5/12/2023 | $115.00 | Buy | Needham |
| 9/8/2022 | $83.00 | Market Perform | Cowen |
| 8/16/2022 | $89.00 → $96.00 | Neutral → Underweight | JP Morgan |
| 10/26/2021 | $85.00 → $90.00 | Neutral | Credit Suisse |
| 8/17/2021 | $89.00 → $100.00 | Neutral | JP Morgan |
DUBLIN, Calif., Oct. 25, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the third quarter ended September 30, 2024. The third quarter highlights below include non-GAAP financial measures which are reconciled later in this release. Third quarter highlights include: Total revenues increased 1% to $1.2 billion as compared to the same period last year.Flat professional service revenues of $184 million as compared to the same period last ye
DUBLIN, Calif., Oct. 4, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the third quarter ended September 30, 2024, before U.S. market hours on Friday, October 25, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on October 25, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Partic
DUBLIN, Calif., Sept. 18, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced its Board of Directors approved a dividend of $0.25 per share of the Company's common stock with a record date and ex-dividend date of October 1, 2024 and a payout date of October 28, 2024. About TriNetTriNet (NYSE:TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resourc
1% Growth in Total Revenues to $1.2 Billion 5% Growth in Professional Service Revenues to $186 million Net Income per Diluted Share of $1.20 and Adjusted Net Income per Diluted Share $1.53 DUBLIN, Calif., July 26, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the second quarter ended June 30, 2024. The second quarter highlights below include non-GAAP financial measures which are reconciled later in this release. Second quarter highl
DUBLIN, Calif., July 5, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the second quarter ended June 30, 2024 before U.S. market hours on Friday, July 26, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on July 26, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Participants can
DUBLIN, Calif., June 24, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced its Board of Directors approved a dividend of $0.25 per share of the Company's common stock with a record date and ex-dividend date of July 1, 2024 and a payout date of July 22, 2024. About TriNetTriNet (NYSE:TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resources info
1% Growth in Total Revenues to $1.3 Billion 4% Growth in Professional Service Revenues to $214 million Net Income per Diluted Share of $1.78 and Adjusted Net Income per Diluted Share $2.16 DUBLIN, Calif., April 26, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the first quarter ended March 31, 2024. The first quarter highlights below include non-GAAP financial measures which are reconciled later in this release. First quarter highli
DUBLIN, Calif., April 5, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the first quarter ended March 31, 2024 before U.S. market hours on Friday, April 26, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on April 26, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Participants c
March 28, 2024 is New Ex-Dividend Date DUBLIN, Calif., Feb. 22, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today corrected its previously announced Ex-Dividend Date to Thursday, March 28, 2024 due to the Good Friday U.S. Market Holiday on Friday, March 29, 2024. There are no changes to the previously announced Dividend Record Date of April 1, 2024 and Dividend Payment Date of April 22, 2024. About TriNetTriNet (NYSE:TNET) provides small and medium-size businesses (SMBs) wit
2% Growth in Total Revenues to $1.2 billion for the Fourth Quarter of 2023 1% Growth in Total Revenues to $4.9 billion for Fiscal Year 2023 68% Growth in Earnings per Share and 44% Growth in Adjusted Earnings per Share for the Fourth Quarter of 2023 17% Growth in Earnings per Share and 10% Growth in Adjusted Earnings per Share for Fiscal Year 2023 Initiating Inaugural Quarterly Dividend DUBLIN, Calif., Feb. 15, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), today announced financial results for the fourth quarter ended December 31, 2023. The fourth qu
DUBLIN, Calif., Nov. 4, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that its President and CEO, Mike Simonds, and its CFO, Kelly Tuminelli, will present at the following four conferences: The J.P. Morgan 2024 Ultimate Services Investor Conference Thursday, November 14, 2024, in New York, NY, at 1:50pm ET (10:50am PT)The Bank of America Leveraged Finance Conference Tuesday, December 3, 2024 in Boca Raton, FL, at 10:10am ET (7:10am PT)The UBS Global Technology
DUBLIN, Calif., Oct. 25, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the third quarter ended September 30, 2024. The third quarter highlights below include non-GAAP financial measures which are reconciled later in this release. Third quarter highlights include: Total revenues increased 1% to $1.2 billion as compared to the same period last year.Flat professional service revenues of $184 million as compared to the same period last ye
DUBLIN, Calif., Oct. 21, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Varsha Kakati has joined the company as Vice President and India Country Leader. Kakati will lead all operations at TriNet's Global Capabilities Center (GCC) in Hyderabad, India, which opened in August and supports a growing workforce of approximately 600 team members. "Varsha is an outstanding addition to our senior leadership team," said Mike Simonds, President and CEO at TriNet. "H
New Book Provides Guidance for SMBs to Create Positive Employee Experiences and Navigate HR Challenges with Ease DUBLIN, Calif., Oct. 7, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the launch of a new book, From Hire to Retire: A Guide to the Employee Life Cycle. Authored by Michael Mendenhall, Senior Vice President, Chief Marketing Officer and Chief Communications Officer at TriNet, the book is a comprehensive guide offering a practical roadmap for managing all aspects of the employee experience and lifecycle.
DUBLIN, Calif., Oct. 4, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the third quarter ended September 30, 2024, before U.S. market hours on Friday, October 25, 2024. TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on October 25, 2024, to discuss the financial results. A live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Partic
DUBLIN, Calif., Sept. 18, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced its Board of Directors approved a dividend of $0.25 per share of the Company's common stock with a record date and ex-dividend date of October 1, 2024 and a payout date of October 28, 2024. About TriNetTriNet (NYSE:TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resourc
DUBLIN, Calif., Sept. 5, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has announced the appointment of Sidney Majalya as Senior Vice President, Chief Legal Officer and Secretary, effective September 16. Majalya succeeds Samantha Wellington, Executive Vice President, Business Affairs, Chief Legal Officer and Secretary who is departing after eight years with the Company to pursue another opportunity. Majalya brings 25 years of legal, risk and compliance experience in the techno
Highlights: 88% of SMB Employers Using AI for Various Functions; Only 52% of Workers Satisfied with Work-Life Balance; 85% of Employees Engaged at Work DUBLIN, Calif., Aug. 20, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the results of an industry-wide pulse survey designed to better understand the perceptions around current and emerging workplace trends. The survey asked important questions about issues that are top-of-mind for both employers and employees. TriNet'
HYDERABAD, India, Aug. 12, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses announced that it will be holding a ribbon-cutting ceremony to celebrate the grand opening of its new office in Hyderabad, India tomorrow. Hyderabad is a thriving hub for technology and business innovation, and this expansion reflects TriNet's commitment to meeting the evolving needs of its customers. TriNet's new office is in the Commerzone building in HITEC City, a major information technology, engineering, and busine
1% Growth in Total Revenues to $1.2 Billion 5% Growth in Professional Service Revenues to $186 million Net Income per Diluted Share of $1.20 and Adjusted Net Income per Diluted Share $1.53 DUBLIN, Calif., July 26, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the second quarter ended June 30, 2024. The second quarter highlights below include non-GAAP financial measures which are reconciled later in this release. Second quarter highl
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Needham downgraded TriNet Group from Buy to Hold
JP Morgan resumed coverage of TriNet Group with a rating of Underweight and set a new price target of $103.00
UBS initiated coverage of TriNet Group with a rating of Neutral and set a new price target of $110.00
TD Cowen upgraded TriNet Group from Market Perform to Outperform and set a new price target of $125.00 from $95.00 previously
Needham initiated coverage of TriNet Group with a rating of Buy and set a new price target of $115.00
Cowen initiated coverage of TriNet Group with a rating of Market Perform and set a new price target of $83.00
JP Morgan downgraded TriNet Group from Neutral to Underweight and set a new price target of $96.00 from $89.00 previously
Credit Suisse reiterated coverage of Trinet Group with a rating of Neutral and set a new price target of $90.00 from $85.00 previously
JP Morgan reiterated coverage of Trinet Group with a rating of Neutral and set a new price target of $100.00 from $89.00 previously
Credit Suisse reiterated coverage of Trinet Group with a rating of Neutral and set a new price target of $85.00 from $80.00 previously
DUBLIN, Calif., Oct. 21, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Varsha Kakati has joined the company as Vice President and India Country Leader. Kakati will lead all operations at TriNet's Global Capabilities Center (GCC) in Hyderabad, India, which opened in August and supports a growing workforce of approximately 600 team members. "Varsha is an outstanding addition to our senior leadership team," said Mike Simonds, President and CEO at TriNet. "H
DUBLIN, Calif., Sept. 5, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has announced the appointment of Sidney Majalya as Senior Vice President, Chief Legal Officer and Secretary, effective September 16. Majalya succeeds Samantha Wellington, Executive Vice President, Business Affairs, Chief Legal Officer and Secretary who is departing after eight years with the Company to pursue another opportunity. Majalya brings 25 years of legal, risk and compliance experience in the techno
DUBLIN, Calif., July 17, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Shea Treadway will be joining the company as Chief Revenue Officer, effective July 29. He will have responsibility for new client sales and existing client relationship management and report directly to TriNet President and CEO Mike Simonds. "Shea is a terrific addition to our executive leadership team," said Simonds. "He brings more than 20 years of experience in the SMB employee bene
Strengthens Board with the Addition of Cigna Healthcare President and Chief Executive Officer and The Cigna Group Executive Vice President and Chief Financial Officer DUBLIN, Calif., July 9, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Brian Evanko, President and CEO for Cigna Healthcare, and EVP and CFO of The Cigna Group, has been appointed to its Board of Directors. "Brian has a passion for growing strong, customer-centric, and responsible businesses," said Tr
Separately, the Company Also Announced the Departure of Chief Revenue Officer, Alex Warren DUBLIN, Calif., June 5, 2024 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Tim Nimmer has been appointed Senior Vice President, Insurance Services and Operations, effective June 24. Nimmer will report directly to TriNet President and CEO Mike Simonds. "Employee benefits are without question a primary concern for our customers—the small and medium-sized businesses that d
ELLICOTT CITY, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Huntress, the managed security platform for small and mid-sized businesses (SMBs) and the managed service providers that support them, today announced that industry veteran Myrna Soto, who has more than three decades of experience in corporate leadership and cybersecurity, has been elected to Huntress' Board of Directors. Soto brings information technology and security experience and distinction, leading and advising cybersecurity best practices to global businesses and their consumers. Soto is the former Global CISO at Comcast Corp., Chief Strategy and Trust Officer at Forcepoint, COO at an award-winning managed security services prov
Alex Warren Named Chief Revenue Officer and Tom Rose Appointed Senior Vice President of Customer Success and Operations DUBLIN, Calif., Nov. 17, 2022 /PRNewswire/ -- TriNet (NYSE:TNET), a leading provider of comprehensive human resources solutions for small and medium-sized businesses (SMBs), today announced two new senior leadership roles designed to drive increased revenue growth and retention, improve operating strategies, and create a more comprehensive and integrated customer experience. Alex Warren, most recently TriNet's Senior Vice President of Customer Experience, has
Under leadership of new CEO Barrett Boston, funding will help expand Plate IQ's VendorPay network and footprint across new industries with holistic and vertically purpose-built solutions Plate IQ, the leading restaurant and hospitality accounts payable (AP) automation and payments platform, announced today that it has raised $160 million in Series B funding from FTV Capital, a sector-focused growth equity investment firm. With this new funding Plate IQ will accelerate efforts to close the supply chain gap between operators and vendors with its AP automation and payments network. Plate IQ also announced the appointment of Barrett Boston, former chief revenue officer of Trinet (NYSE:TNET), t
NEW BRAUNFELS, Texas, Sept. 09, 2021 (GLOBE NEWSWIRE) -- TaskUs, a leading provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, today announced the appointment of Kelly Tuminelli, Executive Vice President and Chief Financial Officer of TriNet, to its Board of Directors and Audit Committee. As the current CFO of TriNet (NYSE:TNET), a professional employer organization that provides small and medium-sized businesses with full-service HR solutions tailored by industry, Ms. Tuminelli brings more than 25 years of financial leadership in multiple industries. Her broad-based experience includes six years in public acco
Seasoned technology veteran brings extensive experience driving technology disruption as company expands its leadership in the digital experience market Leading digital experience platform provider, Optimizely (formerly Episerver), today announced the appointment of Donna Wilczek to its board of directors effective immediately. Wilczek will join the board as the first independent director. A seasoned technology veteran with over 20 years of industry experience, Wilczek currently serves as the senior vice president of product strategy and innovation at Coupa Software (NASDAQ:COUP), a global leader in business spend management. In her time at Coupa, Wilczek has helped the company scale from
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TD Cowen analyst Jared Levine maintains Trinet Group (NYSE:TNET) with a Buy and lowers the price target from $132 to $118.
Needham analyst Kyle Peterson maintains Trinet Group (NYSE:TNET) with a Buy and lowers the price target from $150 to $140.
Shares of Aon plc (NYSE:AON) fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results. Aon posted adjusted earnings of $5.66 per share, missing market estimates of $5.91 per share. The company's sales came in at $4.070 billion versus expectations of $4.126 billion, according to data from Benzinga Pro. Aon shares dipped 7.4% to $283.19 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares jumped 73.3% to $1.2475 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa. Pineapple Energy Inc. (NASDAQ
Gainers Universal Logistics Hldgs (NASDAQ:ULH) shares rose 41.3% to $46.47 during Friday's regular session. The market value of their outstanding shares is at $1.2 billion. The company's, Q1 earnings came out yesterday. Pineapple Energy (NASDAQ:PEGY) shares moved upwards by 38.15% to $0.07. The company's market cap stands at $4.5 million. Exponent (NASDAQ:EXPO) stock increased by 22.55% to $97.65. The market value of their outstanding shares is at $4.9 billion. The company's, Q1 earnings came out yesterday. Tutor Perini (NYSE:TPC) stock moved upwards by 21.45% to $16.87. The market value of their outstanding shares is at $882.0 million. As per the news, the Q1 earnings report came out ye
Trinet Group (NYSE:TNET) reported quarterly earnings of $2.16 per share which missed the analyst consensus estimate of $2.46 by 12.2 percent. This is a 13.25 percent decrease over earnings of $2.49 per share from the same period last year. The company reported quarterly sales of $1.26 billion which missed the analyst consensus estimate of $1.27 billion by 0.47 percent. This is a 1.44 percent increase over sales of $1.25 billion the same period last year.
In the last three months, 4 analysts have published ratings on Trinet Group (NYSE:TNET), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 0 1 0 0 0 1M Ago 3 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Trinet Group, presenting an average target of $140.25, a high estimate of $150.00, and a low estimate of $121.00. This upward tre
TD Cowen analyst Jared Levine maintains Trinet Group (NYSE:TNET) with a Outperform and raises the price target from $129 to $140.
Needham analyst Kyle Peterson reiterates Trinet Group (NYSE:TNET) with a Buy and maintains $150 price target.