trinet provides hr solutions to small to mid-sized businesses so you can focus on what your company does best. our bundled hr products, trinet cloud applications and strategic services simplify your hr. tailored by industry, trinet's bundled hr products cover the core services of payroll, benefits, risk & compliance, an hr team and a cloud platform. trinet partners with more than 12,000 clients (as of 09/30/15) in a variety of industries. we managed more than $25 billion in payroll and payroll taxes in 2014.
Company profile
Ticker
TNET
Exchange
Website
CEO
Burton Goldfield
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TRINET EMPLOYER GROUP INC, TRINET GROUP INC
SEC CIK
Corporate docs
Subsidiaries
Ambrose Advisory Services, LLC • App7, Inc. • Archimedes Risk Solutions, Ltd. • Clarus R&D • InsureYourPeople, LLC • ManageYourPeople, LLC • PayYourPeople, LLC • TriNet Commercial Services, Inc. • TriNet Employer Group Canada, Inc. • TriNet Enrich Administration, Inc. ...
TNET stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
S-8
Registration of securities for employees
15 Feb 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
TriNet Announces Fourth Quarter, Fiscal Year 2023 Results, and Dividend Initiation
15 Feb 24
8-K
Departure of Directors or Certain Officers
15 Feb 24
10-Q
2023 Q3
Quarterly report
25 Oct 23
8-K
TriNet Announces Third Quarter 2023 Results
25 Oct 23
SC TO-I/A
Issuer tender offer statement (amended)
31 Aug 23
SC TO-I/A
Issuer tender offer statement (amended)
29 Aug 23
Transcripts
TNET
Earnings call transcript
2023 Q4
15 Feb 24
TNET
Earnings call transcript
2023 Q3
25 Oct 23
TNET
Earnings call transcript
2023 Q2
26 Jul 23
TNET
Earnings call transcript
2023 Q1
26 Apr 23
TNET
Earnings call transcript
2022 Q4
15 Feb 23
TNET
Earnings call transcript
2022 Q3
26 Oct 22
TNET
Earnings call transcript
2022 Q2
27 Jul 22
TNET
Earnings call transcript
2022 Q1
26 Apr 22
TNET
Earnings call transcript
2021 Q4
15 Feb 22
TNET
Earnings call transcript
2021 Q3
26 Oct 21
Latest ownership filings
4
Burton M. Goldfield
15 Apr 24
4
Burton M. Goldfield
3 Apr 24
4
Michael Q Simonds
19 Mar 24
4
SAMANTHA WELLINGTON
19 Mar 24
4
KELLY L TUMINELLI
19 Mar 24
4
Jayaraman Venkataramani
19 Mar 24
4
Alexander G. Warren
19 Mar 24
4
Burton M. Goldfield
6 Mar 24
4
KELLY L TUMINELLI
6 Mar 24
4
Jayaraman Venkataramani
6 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 914.00 mm | 914.00 mm | 914.00 mm | 914.00 mm | 914.00 mm | 914.00 mm |
Cash burn (monthly) | 186.33 mm | 25.25 mm | (no burn) | (no burn) | 36.67 mm | (no burn) |
Cash used (since last report) | 1.27 bn | 172.36 mm | n/a | n/a | 250.30 mm | n/a |
Cash remaining | -357.96 mm | 741.64 mm | n/a | n/a | 663.70 mm | n/a |
Runway (months of cash) | -1.9 | 29.4 | n/a | n/a | 18.1 | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 252 |
Opened positions | 51 |
Closed positions | 42 |
Increased positions | 77 |
Reduced positions | 90 |
13F shares | Current |
---|---|
Total value | 5.62 tn |
Total shares | 50.96 mm |
Total puts | 46.30 k |
Total calls | 74.10 k |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Atairos | 18.09 mm | $2.11 tn |
Mawer Investment Management | 4.24 mm | $493.56 bn |
Cantillon Capital Management | 3.43 mm | $399.62 bn |
Vanguard | 2.94 mm | $342.28 bn |
BLK Blackrock | 2.68 mm | $312.38 bn |
Wellington Management | 2.63 mm | $306.82 bn |
Martin Babinec | 2.60 mm | $209.42 mm |
JHG Janus Henderson | 988.39 k | $115.13 bn |
Fuller & Thaler Asset Management | 871.13 k | $101.47 bn |
Massachusetts Financial Services | 807.21 k | $94.02 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Apr 24 | Burton M. Goldfield | Common Stock | Gift | Acquire G | Yes | No | 0 | 5,243 | 0.00 | 370,918 |
11 Apr 24 | Burton M. Goldfield | Common Stock | Gift | Dispose G | No | No | 0 | 5,243 | 0.00 | 129,981 |
1 Apr 24 | Burton M. Goldfield | Common Stock | Gift | Acquire G | Yes | No | 0 | 1,196 | 0.00 | 365,675 |
1 Apr 24 | Burton M. Goldfield | Common Stock | Gift | Dispose G | No | No | 0 | 1,196 | 0.00 | 135,224 |
15 Mar 24 | Samantha Wellington | Common Stock | Grant | Acquire A | No | No | 0 | 9,949 | 0.00 | 74,745 |
15 Mar 24 | Groh Kelly L | Common Stock | Grant | Acquire A | No | No | 0 | 9,949 | 0.00 | 92,182 |
15 Mar 24 | Jayaraman Venkataramani | Common Stock | Grant | Acquire A | No | No | 0 | 7,959 | 0.00 | 66,995 |
News
Trinet Group Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
4 Mar 24
TD Cowen Maintains Outperform on Trinet Group, Raises Price Target to $140
4 Mar 24
Needham Reiterates Buy on Trinet Group, Maintains $150 Price Target
1 Mar 24
TriNet Issues Correction To Previously Announced Ex-Dividend Date To Thursday, March 28, 2024 Due To The Good Friday U.S. Market Holiday On Friday, March 29, 2024.
22 Feb 24
Stifel Maintains Buy Rating for Trinet Group: Here's What You Need To Know
16 Feb 24
Press releases
TriNet Celebrates National Small Business Week with Five Days of Virtual Events for Entrepreneurs and SMBs
17 Apr 24
TriNet to Report First Quarter 2024 Financial Results on April 26
5 Apr 24
TriNet to Celebrate Ten Years as Public Company with Ringing of Closing Bell at the New York Stock Exchange on March 27
26 Mar 24
TriNet Issues Correction to Previously Announced Ex-Dividend Date
22 Feb 24
TriNet to Report Fourth Quarter 2023 Financial Results on February 15
1 Feb 24