TriNet stock: buy or sell?

TNET stock price: $66.99 -0.30% At close on June 26th, 2019

Updated on:
June 26th, 2019

0

After reaching all time highs on Thursday, TriNet remained stable -0.30% today to $66.99. With Wednesday it's been 4 sliding days in a row, loosing $-3.43 (-4.90%).

TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. 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; local, state, and federal employment and benefit laws; and other services.

Should I buy TriNet stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, TriNet stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean TNET will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is TriNet stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 2 ratings published for TNET stock in the last 30 days.

Is TNET a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-2-15JPMorgan Chase & Co.UnderweightNeutral
2019-2-12William BlairMarket PerformOutperform

TriNet stock analysis

Daily outlook

TriNet remained constant -0.30% to $66.99 after topping to all time highs on Thursday.

TriNet remained stable -0.30% today to $66.99 after topping to all time highs on Thursday. On April, SMA100d and SMA200d crossed up triggering a rise of 8.49%. From a daily perspective, TNET is in a short term uptrend after plotting its last bottom ($61.19, on May/23) higher than the previous bottom, and its last top ($70.70, on Thursday) also over the previous top. Now trading in between its last bottom and last top TNET might consolidate in a plain range, waiting to break out over $70.70 or down under $61.19. Since last February when TNET stock price broke up the SMA200d line, it gained $17.46 (35.25%). On Thursday, TNET hit new all time highs, pushing higher previous ATH of $69.98 recorded on Jun 19th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

TNET stock chart (daily)

Weekly outlook

After climbing for 4 weeks, this week TriNet dropped a fateful -3.33%, closing at $66.99. By mid June TNET climbed a super good 5.74% in just one week.

TriNet stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last all-time high TriNet marked last week. Since late April when SMA20w and SMA40w crossed up, TNET price gained $7.02 per share (11.71%). Since price and SMA40w lines crossed up by mid February, TNET climbed $21.02 (45.73%).

TNET stock chart (weekly)

TriNet stock price history

TriNet stock went public on March 27th, 2014 with a price of $18.501. Since then, TNET stock surged a 262.10%, with a yearly average of 52.40%. If you had invested $1,000 in TriNet stock in 2014, it would worth $2,621.00 today.

1: Adjusted price after possible price splits or reverse-splits.

TriNet stock historical price chart

TNET stock reached all-time highs on Thursday with a price of $70.70.

TriNet stock price target is $60.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we only found 1 price prediction for TriNet stock:
TNET stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-2-15JPMorgan Chase & Co.Upgrades$53.00$60.0013.2%
(in average)$53.00$60.0013.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on February, TriNet rocketed an exceptional 35.25%. Unfortunately, reported EPS is not yet available in our database.
TNET earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.56n/a
2017-Q32017-11-020.250.56124.0%
2017-Q42018-02-270.470.46-2.1%
2018-Q12018-04-300.550.7129.1%
2018-Q22018-07-300.60.7626.7%
2018-Q32018-10-290.460.6337.0%
2018-Q42019-02-140.430.442.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a more than good increase of 6.96% to $3,503.00 million dollars. Instead, its earnings margin (compared to sales) stayed stable to 5.48%, that is $192.00 million.

TNET annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,640 M-$3.22 M0.2%-
2014$2,194 M33.75%$15 M0.7%381.27%
2015$2,659 M21.23%$32 M1.2%104.52%
2016$3,060 M15.08%$61 M2.0%93.74%
2017$3,275 M7.02%$178 M5.4%189.87%
2018$3,503 M6.96%$192 M5.5%7.87%

Quarterly financial results

TriNet reported $917.00 million in sales for 2018-Q4, a 4.80% up compared to previous quarter. Reported quarter income marked $29.00 million with a profit margin of 3.16%. Profit margin slightly fell a -2.67% compared to previous quarter when profit margin was 5.83%. When comparing turnover to same quarter last year, TriNet sales marked a remarkable growth and soared a 8.14%. Looking back to recent quarterly results, TriNet posted 2 positive quarters in a row.
TNET quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$801 M-$40 M5.0%-
2017-Q3$819 M2.34%$43 M5.2%7.22%
2017-Q4$848 M3.50%$66 M7.8%54.08%
2018-Q1$861 M1.53%$54 M6.3%-18.18%
2018-Q2$850 M-1.28%$58 M6.8%7.41%
2018-Q3$875 M2.94%$51 M5.8%-12.07%
2018-Q4$917 M4.80%$29 M3.2%-43.14%
2019-Q1$934 M1.85%$63 M6.7%117.24%

TriNet ownership

When you are planning to buy shares of a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For TriNet, 10.99% of all outstanding shares are owned by its staff.

Bearish positions for TNET stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to TriNet:

TNETADPBBSICBZEFX
Market cap$4.7 B$70.9 B$590.3 M$1.1 B$15.8 B
Total shares70.0 M435.2 M7.4 M54.9 M120.8 M
Float shares39.9 M434.6 M6.7 M51.7 M120.1 M
  - Institutional holdings (%)88.1%81.8%81.4%89.6%88.7%
  - Insider holdings (%)11.0%0.2%4.2%4.4%0.4%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

TriNet summary

Wednesday, June 26th, 2019
Open$67.43
Close$66.99
Day range$66.83 - $67.81
Previous close$67.19
Session gain-0.30%
Average true range$1.27
50d mov avg$64.02
100d mov avg$61.22
200d mov avg$54.02
Daily patternlt06a
Weekly pattern lt06a

TriNet performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared TriNet against Automatic Data Processing, Barrett Business Services, CBIZ, Equifax, Insperity, Paychex and WageWorks in the following table:
Stock3m6m12m
TNETTriNet12.14%62.60%19.75%
ADPAutomatic Data Pr...2.42%27.25%23.87%
BBSIBarrett Business ...3.35%40.62%-16.41%
CBZCBIZ-3.06%0.36%-14.70%
EFXEquifax10.96%42.12%6.20%
NSPInsperity-2.49%31.94%27.39%
PAYXPaychex2.73%28.41%23.54%
WAGEWageWorks36.78%92.72%3.30%

TriNet competitors

One check before investing in any stock is to review a list of its competitors, in this case for TriNet. We chose 7 companies as TriNet competitors as they are in the same industry or have similar market objectives.