Fintel reports that on October 26, 2023, Stifel maintained coverage of TriNet Group (NYSE:TNET) with a Buy recommendation.
Analyst Price Forecast Suggests 11.44% Upside
As of October 5, 2023, the average one-year price target for TriNet Group is 122.66. The forecasts range from a low of 107.06 to a high of $141.75. The average price target represents an increase of 11.44% from its latest reported closing price of 110.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TriNet Group is 5,359MM, an increase of 9.30%. The projected annual non-GAAP EPS is 5.33.
What is the Fund Sentiment?
There are 545 funds or institutions reporting positions in TriNet Group. This is an increase of 5 owner(s) or 0.93% in the last quarter. Average portfolio weight of all funds dedicated to TNET is 0.31%, an increase of 9.76%. Total shares owned by institutions increased in the last three months by 0.60% to 61,345K shares. 
The put/call ratio of TNET is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
Atairos Group holds 21,450K shares representing 42.49% ownership of the company. No change in the last quarter.
Mawer Investment Management holds 4,344K shares representing 8.61% ownership of the company. In it's prior filing, the firm reported owning 4,395K shares, representing a decrease of 1.16%. The firm increased its portfolio allocation in TNET by 11.64% over the last quarter.
Cantillon Capital Management holds 3,482K shares representing 6.90% ownership of the company. In it's prior filing, the firm reported owning 3,415K shares, representing an increase of 1.92%. The firm increased its portfolio allocation in TNET by 3.71% over the last quarter.
Wellington Management Group Llp holds 3,440K shares representing 6.81% ownership of the company. In it's prior filing, the firm reported owning 3,808K shares, representing a decrease of 10.69%. The firm increased its portfolio allocation in TNET by 1.56% over the last quarter.
Janus Henderson Group holds 1,201K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 1,272K shares, representing a decrease of 5.97%. The firm increased its portfolio allocation in TNET by 3.53% over the last quarter.
TriNet Group Background Information
(This description is provided by the company.)
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.
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This story originally appeared on Fintel.
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