17-May-2024
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TriNet Announces Five Days of Virtual Events for National PEO Week May 20-24
PRNewswire (Thu, 16-May 4:15 PM ET)
TriNet Wins Five Stevie Awards for PeopleForce 2023 and People Matter Campaign
PRNewswire (Thu, 9-May 4:15 PM ET)
TriNet to Participate at Upcoming Conferences
PRNewswire (Mon, 6-May 4:30 PM ET)
TriNet Announces First Quarter 2024 Results
PRNewswire (Fri, 26-Apr 8:00 AM ET)
PRNewswire (Wed, 17-Apr 9:15 AM ET)
TriNet to Report First Quarter 2024 Financial Results on April 26
PRNewswire (Sat, 6-Apr 1:05 AM ET)
PRNewswire (Tue, 26-Mar 4:05 PM ET)
Healthee Secures $32M Series A Funding, Accelerating How Employees Interact With Their Healthcare
PRNewswire (Mon, 4-Mar 9:00 AM ET)
TriNet Issues Correction to Previously Announced Ex-Dividend Date
PRNewswire (Thu, 22-Feb 5:00 PM ET)
TriNet Ranked #1 in Newsweek's Excellence 1000 Index 2024
PRNewswire (Tue, 20-Feb 9:15 AM ET)
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
Trinet Group trades on the NYSE stock market under the symbol TNET.
As of May 17, 2024, TNET stock price climbed to $103.92 with 177,185 million shares trading.
TNET has a beta of 0.33, meaning it tends to be less sensitive to market movements. TNET has a correlation of 0.01 to the broad based SPY ETF.
TNET has a market cap of $5.26 billion. This is considered a Mid Cap stock.
Last quarter Trinet Group reported $1 billion in Revenue and $2.16 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.30.
In the last 3 years, TNET stock traded as high as $134.67 and as low as $60.61.
The top ETF exchange traded funds that TNET belongs to (by Net Assets): VTI, IWM, VB, VXF, VBK.
TNET has underperformed the market in the last year with a price return of +13.3% while the SPY ETF gained +29.1%. TNET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.1% and +2.8%, respectively, while the SPY returned +6.3% and +3.6%, respectively.
TNET support price is $101.20 and resistance is $105.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNET stock will trade within this expected range on the day.