TNET TriNet Group, Inc.

TriNet Group, Inc. provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.

Company profile

Ticker

TNET

Exchange

NYSE

Website

www.trinet.com

CEO

Burton M. Goldfield

Location

California

Fiscal year end

Dec 31

Sector

Technology Services > Miscellaneous Commercial Services

Industry (SEC)

Services - Business Services, NEC

eBay • Alibaba Group Holding • Visa • Uber • PayPal • Accenture • Mastercard • Conduent • FleetCor • Alliance Data Systems ...

Former names

Trinet Employer Group Inc, Trinet Group Inc

SEC CIK

0000937098

Corporate docs

Articles of Incorporation & Bylaws

TNET stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart TNET financial data

Quarter (USD)	Dec 19	Sep 19	Jun 19	Mar 19
Revenue	1.02B	969M	935M	934M
Net income	48M	55M	46M	63M
Diluted EPS	0.68	0.78	0.64	0.89
Net profit margin	4.72%	5.68%	4.92%	6.75%
Operating income	63M	68M	55M	82M
Net change in cash	-3M	-3M	-32M	23M
Cash on hand	213M	216M	219M	251M
Cost of revenue

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	3.86B	3.5B	3.28B	3.06B
Net income	212M	192M	178M	61M
Diluted EPS	2.99	2.65	2.49	0.85
Net profit margin	5.50%	5.48%	5.44%	1.99%
Operating income	268M	251M	217M	124M
Net change in cash	-15M	-108M	152M	18M
Cash on hand	213M	228M	336M	184M
Cost of revenue			213M	190M

Financial data from TriNet earnings reports

Recent insider trades

TNET insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
27 Mar 20	Burton M. Goldfield	Common Stock	Sell	Dispose S	38.485	20	769.7	775,899
27 Mar 20	Burton M. Goldfield	Common Stock	Sell	Dispose S	37.8773	382	14.47K	775,919
27 Mar 20	Burton M. Goldfield	Common Stock	Sell	Dispose S	36.7705	2,598	95.53K	776,301
25 Mar 20	Lowell Wayne B	Common Stock	Grant	Aquire A	0	5,773	0	5,773
25 Mar 20	Hodgson David C	Common Stock	Grant	Aquire A	0	8,659	0	116,627
25 Mar 20	Guertin Shawn M	Common Stock	Grant	Aquire A	0	5,773	0	5,984
25 Mar 20	August-deWilde Katherine	Common Stock	Grant	Aquire A	0	5,773	0	5,773
26 Feb 20	Lowell Wayne B	Common Stock	Gift	Dispose G	0	2,000	0	87,154

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2019

TNET institutional ownership history Ownership history

91.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	184	199	-7.5%
Opened positions	29	24	+20.8%
Closed positions	44	21	+109.5%
Increased positions	49	71	-31.0%
Reduced positions	86	77	+11.7%

13F shares	Current	Prev Q	Change
Total value	6.52B	7.23B	-9.9%
Total shares	62.92M	61.65M	+2.1%
Total puts	404.1K	14.3K	+2725.9%
Total calls	74.8K	15.4K	+385.7%
Total put/call ratio	5.4	0.9	+481.8%

Largest owners	Shares	Value	Change
Atairos	20.6M	$1.17B	+5.6%
Wellington Management	7.11M	$402.52M	+10.3%
Vanguard	4.69M	$265.38M	-6.9%
Cantillon Capital Management	4.04M	$228.73M	-2.1%
ArrowMark Colorado	4.01M	$227.12M	+61.2%
BLK BlackRock	3.4M	$192.2M	-15.1%
TimesSquare Capital Management	1.68M	$95.01M	-6.1%
Dimensional Fund Advisors	1.22M	$69.18M	-1.4%
JHG Janus Henderson	1.06M	$60.14M	-18.0%
Cramer Rosenthal MCGLYNN	1.03M	$58.39M	-15.0%

Largest transactions	Shares	Bought/sold	Change
ArrowMark Colorado	4.01M	+1.52M	+61.2%
Atairos	20.6M	+1.1M	+5.6%
HG Vora Capital Management	750K	+750K	NEW
Norges Bank	676.24K	+676.24K	NEW
Wellington Management	7.11M	+664.81K	+10.3%
BLK BlackRock	3.4M	-604.61K	-15.1%
Balyasny Asset Management	0	-381.82K	EXIT
Vanguard	4.69M	-346.41K	-6.9%
Millennium Management	96.4K	-235.43K	-70.9%
JHG Janus Henderson	1.06M	-233.2K	-18.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Automatic Data Processing • Paychex • Barrett Business Services • Insperity • ShiftPixy

Management Discussion

A discussion regarding our financial condition and results of operations for 2018 compared to 2017 can be found under Part II, Item 7. Management's Discussion and Analysis in our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on February 14, 2019.
Average WSE growth is a volume measure we use to monitor the performance of our business. Average WSEs increased 2% in 2019. Throughout 2019, we experienced reduced attrition resulting from our customer service initiatives, continued hiring in our installed based, primarily in our Professional Services and Technology verticals, and stronger new sales performance.
Total WSEs can be used to estimate our beginning WSEs for the next period and, as a result, can be used as an indicator of our potential future success in growing our business and retaining clients.

Content analysis ?

Positive
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Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

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From filing 10-K 2019 FY