Trinet Group Inc Stock Price, News & Analysis

TriNet will host the PeopleForceX event on February 28, 2023, in San Francisco, focusing on growth and innovation for small and medium-sized businesses (SMBs). The event will feature local leaders discussing the significance of building networks amidst market fluctuations. Key attendees include TriNet's Chief Technology Officer, Jeff Hayward, and other notable business figures. TriNet, listed on NYSE under the symbol TNET, offers comprehensive HR solutions tailored to SMBs, streamlining HR tasks while allowing businesses to focus on growth. For more details, visit TriNet.com.

TriNet (NYSE: TNET) announced the launch of its new micro-podcast, SMB Matters, aimed at providing insights and commentary on issues affecting small and medium-sized businesses (SMBs). Set to premiere on February 22, 2023, the podcast will feature experts discussing vital business trends and challenges. Notably, TriNet’s Senior Vice President, Michael Mendenhall, expressed excitement about the initiative, which aims to assist entrepreneurs in navigating the evolving business landscape. The podcast will be accessible on TriNet RISE, Apple Podcasts, Spotify, and other major platforms.

TriNet Group, Inc. (TNET) announced strong financial results for Q4 and FY 2022, with total revenues flat at $1.2 billion, and an 8% increase in total revenues for FY 2022, reaching $4.9 billion. Professional service revenues surged 18% to $754 million for the year, while net income grew to $355 million, or $5.61 per diluted share. The company also initiated a stock repurchase program of up to $545 million. Guidance for Q1 2023 suggests a modest 1%-2% revenue growth, with diluted EPS expected between $1.33 and $1.82.

TriNet (NYSE: TNET) has announced a partnership with the American Foundation for Suicide Prevention (AFSP) to enhance workplace mental health support. This collaboration aims to provide training programs, volunteer opportunities, and educational resources focused on suicide prevention. TriNet's Chief People Officer, Catherine Wragg, emphasized the significance of addressing mental health in the workplace. AFSP CEO, Robert Gebbia, noted the partnership's potential to save lives through accessible educational materials. This initiative aligns with TriNet's Corporate Social Responsibility program and aims to make a positive impact on mental health awareness.

TriNet (NYSE: TNET) announced that it will release its financial results for the fourth quarter and full year ended December 31, 2022, after market hours on February 15, 2023. A conference call to discuss these results will follow at 2:00 PM PT (5:00 PM ET) on the same day. Interested participants are encouraged to pre-register for the call to receive a unique PIN for immediate access. Those who do not pre-register can join by calling +1 (412) 317-5426. The live webcast will be available on TriNet's Investor Relations website, along with a replay for one year. TriNet provides HR solutions for small and medium-sized businesses, enabling them to focus on growth.

TriNet will host the PeopleForceX event on January 11 in Denver, focusing on the growth challenges facing small and medium-sized businesses (SMBs). The event aims to foster networking among local business leaders and will feature discussions with industry experts about navigating market shifts. Featured speakers include Lisa Reeves, Alison McQuillan, Aaron Stachel, and John Francis. This initiative showcases TriNet's commitment to providing comprehensive HR solutions, helping SMBs streamline operations and focus on growth.

TriNet (NYSE: TNET) has announced the launch of the second season of its podcast, Shifting Grounds, debuting on January 10, 2023. Hosted by Michael Mendenhall, TriNet's Senior VP and CMO, the podcast aims to spotlight small business leaders, sharing their entrepreneurial journeys and insights. The discussion will kick off with Drew Stein, CEO of Audigent, exploring themes of creativity and data. TriNet continues its commitment to empower small and medium-sized businesses by supporting their growth and innovation.

TriNet Group (TNET) announced the final results of its modified 'Dutch auction' tender offer to purchase up to $250 million of its common stock. The offer expired on December 6, 2022, and 1,515,258 shares were accepted at a price of $72.00 per share, totaling approximately $109.1 million. This represents about 2.4% of TriNet's outstanding shares. Following this, approximately $255 million will remain under the company’s existing stock repurchase program for future share purchases.

TriNet Group, Inc. (NYSE: TNET) announced preliminary results of its modified Dutch auction tender offer, aimed at purchasing up to $250 million in common stock. The offer, which expired on December 6, 2022, priced shares between $63.00 and $72.00. A total of 1,515,258 shares were tendered at the maximum price, costing approximately $109.1 million. Notably, Atairos Group, TriNet’s largest stockholder, did not participate. Following this transaction, about $255 million remains available for future stock repurchases.