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TNET TriNet

TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most-growing their business. TriNet, incredible starts here.

Company profile

Ticker
TNET
Exchange
NYSE
Website
www.trinet.com/
CEO
Burton Goldfield
Employees
Location
California
Fiscal year end
Dec 31
Sector
Professional, Scientific, and Technical Services > Human Resources Consulting Services
Industry (SIC)
Services - Business Services, NEC
Alibaba Group Holding • Visa • Uber • EBay • PayPal • Nielsen • Accenture • Conduent • Mastercard • MultiPlan ...
Former names
TRINET EMPLOYER GROUP INC, TRINET GROUP INC
SEC CIK
0000937098
Corporate docs

TNET stock data

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News

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Credit Suisse Maintains Neutral on Trinet Group, Raises Price Target to $80
17 Feb 21
Credit Suisse analyst Kevin Mcveigh maintains Trinet Group (NYSE:TNET) with a Neutral and raises the price target from $66 to $80.
Recap: Trinet Group Q4 Earnings
16 Feb 21
Shares of Trinet Group (NYSE:TNET) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 47.62% year over year to $0.44, which beat the estimate of $0.25.
Trinet Group Q4 EPS $0.44 Beats $0.25 Estimate, Net Service Revenues $221.00M Beat $195.57M Estimate
16 Feb 21
Trinet Group (NYSE:TNET) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.25 by 76 percent. This is a 47.62 percent decrease over earnings of $0.84 per share from the same
Earnings Scheduled For February 16, 2021
16 Feb 21
Trinet Group Earnings Preview
15 Feb 21

Press releases

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TriNet Webinar: Working in the New Normal - Considerations for Employers in California
9 Apr 21
DUBLIN, Calif., April 9, 2021 /PRNewswire/ -- WHAT: TriNet Webinar: Working in the New Normal -
TriNet Introduces Corporate Social Responsibility Program That Encourages Entrepreneurism, Benefits Nonprofits and Provides Employee Volunteer Opportunities
8 Apr 21
DUBLIN, Calif., April 8, 2021 /PRNewswire/ -- TriNet, a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced the launch of the TriNet Foundation and its first
TriNet Webinar: HR Challenges and Pitfalls as Employees Return to Work
5 Apr 21
DUBLIN, Calif., April 5, 2021 /PRNewswire/ -- WHAT: TriNet Webinar: HR Challenges and Pitfalls as
TriNet Webinar: What is in the American Rescue Plan Act of 2021 and What it Means for Your Business
19 Mar 21
TriNet Announces Pricing of a Private Offering of $500 Million of Senior Notes due 2029
23 Feb 21

Calendar

16 Feb 21
11 Apr 21
31 Dec 21

Financial summary

Financial statements Chart TNET financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from TriNet earnings reports.

Recent insider trades

TNET insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Apr 21 H Raymond Bingham Common Stock Sell Dispose S Yes Yes 79.8887 107 8.55K 108,583
8 Apr 21 H Raymond Bingham Common Stock Sell Dispose S Yes Yes 79.4196 308 24.46K 108,690
7 Apr 21 H Raymond Bingham Common Stock Sell Dispose S Yes Yes 79.23 54 4.28K 108,998
7 Apr 21 H Raymond Bingham Common Stock Sell Dispose S Yes Yes 78.5353 361 28.35K 109,052
30 Mar 21 Paul Edward Chamberlain Common Stock Sell Dispose S No Yes 77.26 175 13.52K 36,535
26 Mar 21 Lowell Wayne B Common Stock Gift Aquire G Yes No 0 5,773 0 86,091
26 Mar 21 Lowell Wayne B Common Stock Gift Dispose G No No 0 5,773 0 2,576
25 Mar 21 H Raymond Bingham Common Stock Gift Aquire G Yes No 0 5,773 0 109,413
25 Mar 21 H Raymond Bingham Common Stock Gift Dispose G No No 0 5,773 0 2,576
24 Mar 21 H Raymond Bingham Common Stock Grant Aquire A No No 0 2,576 0 8,349
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

TNET institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.1% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 212 208 +1.9%
Opened positions 33 42 -21.4%
Closed positions 29 12 +141.7%
Increased positions 62 57 +8.8%
Reduced positions 86 83 +3.6%
13F shares
 Current Prev Q Change
Total value 5.17B 3.62B +42.8%
Total shares 64.08M 60.97M +5.1%
Total puts 64.2K 33.2K +93.4%
Total calls 72K 42.2K +70.6%
Total put/call ratio 0.9 0.8 +13.3%
Largest owners
 Shares Value Change
Atairos 21.45M $1.73B 0.0%
Wellington Management 5.95M $479.63M -3.6%
Vanguard 4.18M $337.05M -0.4%
Cantillon Capital Management 4.01M $323.16M -0.5%
ArrowMark Colorado 3.37M $271.5M -25.1%
BLK Blackrock 3.06M $246.92M +3.0%
FMR 3M $241.47M +33.3%
Martin Babinec 2.6M $209.42M NEW
Dimensional Fund Advisors 1.27M $102M -0.0%
JHG Janus Henderson 1.2M $96.69M +48.3%
Largest transactions
 Shares Bought/sold Change
Martin Babinec 2.6M +2.6M NEW
ArrowMark Colorado 3.37M -1.13M -25.1%
FMR 3M +747.95K +33.3%
FIL 666.01K +666.01K NEW
Norges Bank 548.01K +548.01K NEW
JHG Janus Henderson 1.2M +390.88K +48.3%
FHI Federated Hermes 328.17K +316.44K +2696.7%
Balyasny Asset Management 249.41K +249.41K NEW
River Road Asset Management 0 -227.61K EXIT
Wellington Management 5.95M -220.66K -3.6%
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
  • (1)    Refer to Non-GAAP measures definitions and reconciliations from GAAP measures below.
  • A discussion regarding our financial condition and results of operations for 2019 compared to 2018 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, 2019, filed with the SEC on February 13, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: abated, accomplish, added, albeit, area, Attorney, Biden, Bingham, Bird, Burton, captured, career, collaborate, collaboration, colleague, conclusion, conference, contrary, CPRA, curriculum, David, diagnosed, distancing, Dr, drew, duly, easier, edit, education, embedded, emergence, empower, empowered, encourage, entertainment, essential, ethical, exacerbate, Exhibit, extraordinary, facilitated, FD, feedback, feel, fewer, FFCRA, fiduciary, flat, Florida, footprint, forma, freeze, frontline, furlough, global, Goldfield, Guam, halting, hereof, Hodgson, honest, hosted, ICE, ill, illustrated, inaccurate, incentivize, inclusion, inclusive, inflation, Inline, Interactive, intervention, irrespective, Jacqueline, judgement, Kelly, Kohler, Kosecoff, Label, landscape, language, lawfully, leadership, Lee, lifted, Linkbase, Lowell, loyalty, malware, merit, Middle, Murphy, navigate, Olivier, omitted, omni, openly, opportunity, Oral, outlined, overseeing, package, paired, pandemic, paycheck, PeopleForce, Peter, petition, posed, PPP, PPPFA, pride, prioritize, Pro, Puerto, push, quarantine, quash, quick, rally, ratifying, Raymond, reaction, recordkeeping, redesign, referenced, Reg, relief, remote, resource, rest, resume, resumed, Rico, role, routinely, safe, Samantha, SBA, Schema, school, senior, sense, shut, signature, slowdown, stead, struck, subheading, submission, suitability, Supreme, Taxonomy, TECHNOLOGYPLATFORM, telemedicine, thereto, thereunto, therewith, thought, tied, timeframe, titled, Trademark, transparent, travel, true, tuition, Tuminelli, undersigned, unprecedented, unsatisfied, unwilling, vaccination, vaccine, Virgin, virtual, virtually, virtue, voter, Wayne, wellbeing, Wellington, write, XBRL
Removed: cancellable, CFO, conform, delivery, discontinue, discrete, doubtful, enrollee, exiting, guaranteed, infiltration, initiated, insider, intent, internet, intrusion, length, longer, midsize, originally, read, repeal, revaluation, selected, supervise, terminated, thirty, unaudited
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
16 Feb 21
10-Q
2020 Q3
Quarterly report
26 Oct 20
10-Q
2020 Q2
Quarterly report
27 Jul 20
10-Q
2020 Q1
Quarterly report
28 Apr 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K
2018 FY
Annual report
14 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18

Current reports

View all
8-K
Departure of Directors or Certain Officers
24 Mar 21
8-K
TriNet Announces Appointment of Ralph Clark, President and Chief Executive Officer of ShotSpotter, to its Board of Directors
18 Mar 21
8-K
Entry into a Material Definitive Agreement
26 Feb 21
8-K
TriNet Announces Fourth Quarter and Fiscal Year 2020 Results
16 Feb 21
8-K
Departure of Directors or Certain Officers
8 Dec 20
8-K
Departure of Directors or Certain Officers
19 Nov 20
8-K
TriNet Announces Third Quarter 2020 Results
26 Oct 20
8-K
Kelly Tuminelli to be Appointed TriNet Chief Financial Officer
13 Aug 20
8-K
TriNet Announces Resignation of Kenneth Goldman
5 Aug 20
8-K
TriNet Announces Second Quarter 2020 Results and the Acquisition of Little Bird HR
27 Jul 20

Registration and prospectus

View all
S-8
Registration of securities for employees
15 Feb 21
S-3ASR
Automatic shelf registration
15 May 20
S-8
Registration of securities for employees
13 Feb 20
S-8
Registration of securities for employees
10 May 19
S-8
Registration of securities for employees
10 May 19
S-8
Registration of securities for employees
27 Feb 18
S-3ASR
Automatic shelf registration
3 Aug 17
S-8
Registration of securities for employees
1 Mar 17
POS AM
Prospectus update (post-effective amendment)
9 May 16
S-3/A
Shelf registration (amended)
3 May 16

Proxies

View all
DEFA14A
Additional proxy soliciting materials
29 May 20
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEF 14A
Definitive proxy
23 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
11 Apr 18
DEFA14A
Additional proxy soliciting materials
11 Apr 18
DEFA14A
Additional proxy soliciting materials
6 Apr 17
DEF 14A
Definitive proxy
6 Apr 17
DEF 14A
Definitive proxy
14 Apr 16

Other

View all
UPLOAD
Letter from SEC
30 Aug 17
CORRESP
Correspondence with SEC
17 Aug 17
CORRESP
Correspondence with SEC
20 Jul 17
UPLOAD
Letter from SEC
17 Jul 17
EFFECT
Notice of effectiveness
10 May 16
EFFECT
Notice of effectiveness
10 Sep 14
EFFECT
Notice of effectiveness
25 Mar 14
CERTNYS
Certification of approval for NYSE listing
24 Mar 14
CORRESP
Correspondence with SEC
23 Mar 14
UPLOAD
Letter from SEC
12 Mar 14

Ownership

View all
4
TRINET / H RAYMOND BINGHAM ownership change
9 Apr 21
4
TRINET / Paul Edward Chamberlain ownership change
1 Apr 21
4
TRINET / Katherine August-deWilde ownership change
26 Mar 21
4
TRINET / Michael J Angelakis ownership change
26 Mar 21
4
TRINET / DAVID C HODGSON ownership change
26 Mar 21
4
TRINET / Martin Babinec ownership change
26 Mar 21
4
TRINET / JACQUELINE B KOSECOFF ownership change
26 Mar 21
4
TRINET / Ralph A. Clark ownership change
26 Mar 21
4
TRINET / Maria Contreras-Sweet ownership change
26 Mar 21
4
TRINET / SHAWN M GUERTIN ownership change
26 Mar 21

Transcripts

View all
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
26 Oct 20
2020 Q2
Earnings call transcript
27 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
2019 Q4
Earnings call transcript
13 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
29 Apr 19
2018 Q4
Earnings call transcript
14 Feb 19
2018 Q3
Earnings call transcript
29 Oct 18

Reddit threads

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