TRINET GROUP, INC.
In the published model solve dated 2026-Q2, anchored at $68.37, TRINET GROUP, INC. (TNET) is priced for +2.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• TriNet is the largest publicly traded company focused primarily on the PEO model, bundling payroll, benefits, and HR compliance for small and mid-size businesses, and its 10-K frames the health-insurance book as the profit engine: ICR is defined ⟦"as the ratio of insurance costs to insurance service revenues"⟧, which makes insurance pricing discipline, not headcount growth, the number that moves earnings. • The biggest near-term risk is deliberate shrinkage getting away from management: averag
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233 institutional managers reported holding TNET in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 65%. 41 opened new positions that quarter. Held by Vanguard Group, BlackRock, Wellington Management, among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TNET has cut its share count 28.8% over the past five years, spending $2.09B on repurchases. It pays a dividend, and has for 2 years running; the current rate is $0.28 a share annually. Cash returned over the past three years: $102.00M in dividends and $1.45B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TNET over the trailing three years: 2025: 1 buy totaling $993k. 27 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TNET's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +4.6% | +16.4% |
| 2023-10-26 | -2.6% | +8.3% |
| 2024-02-16 | +12.4% | +0.8% |
| 2024-04-27 | -16.6% | -5.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TNET's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-06-17 (items 8.01, 9.01); 2026-05-27 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-03-19 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.