Trinet Group Stock (NYSE:TNET), Trade Ideas

Trinet Group

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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TNET

Needham analyst Kyle Peterson raised the price target of Trinet Group Inc. (NYSE: TNET) to $135 from $120 and 

Trinet&#39;s Tender Offering Creates A Path For Share Buyback &amp; Dividend Boost: Analyst

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Trinet Group Inc

In the last three months, 4 analysts have published ratings on Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Trinet Group, presenting an average target of $140.25, a high estimate of $150.00, and a low estimate of $121.00. This upward trend is evident, with the current average reflecting a 10.43% increase from the previous average price target of $127.00.
<img src="https://www.benzinga.com/files/images/story/2024/1709571670_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Trinet Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jared Levine</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>David Grossman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$121.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Trinet Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Trinet Group compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Trinet Group's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Trinet Group's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TNET/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trinet Group analyst ratings.</a>
<h2>Unveiling the Story Behind Trinet Group</h2>
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&amp;D tax credit services.
<h3>Trinet Group: Delving into Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Trinet Group's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 1.55%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Trinet Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.38% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 152.27%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.01%, the company showcases effective utilization of assets.
Debt Management: Trinet Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 14.58, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trinet Group Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

TD Cowen analyst Jared Levine maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Outperform and raises the price target from $129 to $140.

TD Cowen Maintains Outperform on Trinet Group, Raises Price Target to $140

Needham analyst Kyle Peterson reiterates Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and maintains $150 price target.

Needham Reiterates Buy on Trinet Group, Maintains $150 Price Target

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4098559-1&amp;h=171830845&amp;u=http%3A%2F%2Fwww.trinet.com%2F&amp;a=TriNet">TriNet</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>),&nbsp;a leading provider of comprehensive human resources&nbsp;solutions&nbsp;for small and medium-size businesses (SMBs),&nbsp;today corrected its previously announced Ex-Dividend Date to Thursday, March 28, 2024 due to the Good Friday U.S. Market Holiday on Friday, March 29, 2024. There are no changes to the previously announced Dividend Record Date of April 1, 2024 and Dividend Payment Date of April 22, 2024.

Dividends

TriNet Issues Correction To Previously Announced Ex-Dividend Date To Thursday, March 28, 2024 Due To The Good Friday U.S. Market Holiday On Friday, March 29, 2024.

Stifel has decided to maintain its Buy rating of Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) and raise its price target from $117.00 to $121.00.
Shares of Trinet Group are trading down 2.63% over the last 24 hours, at $114.25 per share.
A move to $121.00 would account for a 5.91% increase from the current share price.
<h3>About Trinet Group</h3>
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&amp;D tax credit services.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Stifel Maintains Buy Rating for Trinet Group: Here's What You Need To Know

WIIM

TriNet Group shares are trading higher after the company reported better-than-expected adjusted EPS results. Also, Needham maintained a Buy rating on the stock and raised its price target from $135 to $150.

Needham analyst Kyle Peterson maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and raises the price target from $135 to $150.

Needham Maintains Buy on Trinet Group, Raises Price Target to $150

Management

TriNet Announces Retirement Of CEO Burton M. Goldfield, Appoints Mike Simonds President And CEO

TriNet&#39;s stock will have an Ex-Dividend Date of&nbsp;March 29, 2024, a Dividend Record Date of&nbsp;April 1, 2024, and a Dividend Payment Date of&nbsp;April 22, 2024.

TriNet Initiates Inaugural Quarterly Dividend Of $0.25 Per Share

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) reported its Q4 earnings results on Thursday, February 15, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Trinet Group beat estimated earnings by 34.45%, reporting an EPS of $1.6 versus an estimate of $1.19.
Revenue was up $19.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.52 which was followed by a 0.98% increase in the share price the next day.
Here's a look at Trinet Group's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.39</td>
<td>1.35</td>
<td>2</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.91</td>
<td>1.74</td>
<td>2.49</td>
<td>1.11</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.24B</td>
<td>1.20B</td>
<td>1.24B</td>
<td>1.23B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.22B</td>
<td>1.21B</td>
<td>1.25B</td>
<td>1.23B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Trinet Group <a href="https://www.benzinga.com/quote/TNET/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Trinet Group Q4 Earnings

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) reported quarterly Adj earnings of $1.60 per share which beat the analyst consensus estimate of $1.19 by 34.45 percent. This is a 44.14 percent increase over earnings of $1.11 per share from the same period last year. The company reported quarterly sales of $1.245 billion which missed the analyst consensus estimate of $1.251&nbsp;billion by 0.40 percent. This is a 1.55 percent increase over sales of $1.23 billion the same period last year.

Trinet Group Q4 Adj EPS $1.60 Beats $1.19 Estimate, Sales $1.245B Miss $1.251B Estimate

Simonds&nbsp;will also join the TriNet Board of Directors effective&nbsp;February 16, 2024.&nbsp;While retiring as President and CEO, Goldfield will continue as a special advisor to the company through&nbsp;March 31, 2025.

TriNet Names Mike Simonds As President And CEO; Burton Goldfield Is Retiring From The Company

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Earnings Scheduled For February 15, 2024

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Trinet Group will report an earnings per share (EPS) of $1.19. 
Trinet Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.52, which was followed by a 0.98% increase in the share price the next day.
Here's a look at Trinet Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.39</td>
<td>1.35</td>
<td>2</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.91</td>
<td>1.74</td>
<td>2.49</td>
<td>1.11</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.98%</td>
<td>5.58%</td>
<td>10.94%</td>
<td>9.59%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707919295_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Trinet Group were trading at $111.68 as of February 12. Over the last 52-week period, shares are up 26.79%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/TNET/earnings">To track all earnings releases for Trinet Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trinet Group's Earnings Outlook

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/19/24</td>
<td>$13.00</td>
<td>$25.8K</td>
<td>84.0K</td>
<td>7.1K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$5.00</td>
<td>$217.5K</td>
<td>67.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$11.00</td>
<td>$31.0K</td>
<td>1.2K</td>
<td>945</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/05/24</td>
<td>$247.50</td>
<td>$25.8K</td>
<td>29</td>
<td>681</td>
</tr>
<tr>
<td>RTX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$80.00</td>
<td>$46.0K</td>
<td>4.7K</td>
<td>438</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$360.00</td>
<td>$76.5K</td>
<td>542</td>
<td>145</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$135.00</td>
<td>$33.8K</td>
<td>1.8K</td>
<td>79</td>
</tr>
<tr>
<td>BLDR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$75.00</td>
<td>$171.2K</td>
<td>261</td>
<td>50</td>
</tr>
<tr>
<td>TNET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.2K</td>
<td>0</td>
<td>29</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$270.00</td>
<td>$25.4K</td>
<td>3.8K</td>
<td>29</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on January 19, 2024. This event was a transfer of 601 contract(s) at a $13.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $43.0 per contract. There were 84013 open contracts at this strike prior to today, and today 7164 contract(s) were bought and sold. 
• For PLUG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), we notice a put option trade that happens to be bullish, expiring in 16 day(s) on January 19, 2024. This event was a transfer of 2444 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $217.5K, with a price of $89.0 per contract. There were 67151 open contracts at this strike prior to today, and today 2586 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on January 19, 2024. Parties traded 200 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 1238 open contracts at this strike prior to today, and today 945 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on January 5, 2024. Parties traded 154 contract(s) at a $247.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $168.0 per contract. There were 29 open contracts at this strike prior to today, and today 681 contract(s) were bought and sold. 
• Regarding RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we observe a put option trade with bearish sentiment. It expires in 170 day(s) on June 21, 2024. Parties traded 195 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $46.0K, with a price of $236.0 per contract. There were 4753 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold. 
• Regarding DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we observe a call option trade with bullish sentiment. It expires in 170 day(s) on June 21, 2024. Parties traded 14 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $76.5K, with a price of $5465.0 per contract. There were 542 open contracts at this strike prior to today, and today 145 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a call option trade with bullish sentiment. It expires in 44 day(s) on February 16, 2024. Parties traded 14 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $2415.0 per contract. There were 1829 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold. 
• Regarding BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on January 19, 2024. Parties traded 20 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $171.2K, with a price of $8560.0 per contract. There were 261 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding TNET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>), we observe a put option sweep with bearish sentiment. It expires in 744 day(s) on January 16, 2026. Parties traded 29 contract(s) at a $95.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $940.0 per contract. There were 0 open contracts at this strike prior to today, and today 29 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on January 19, 2024. This event was a transfer of 15 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1696.0 per contract. There were 3897 open contracts at this strike prior to today, and today 29 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BLDR

PLUG

10 Industrials Stocks With Whale Alerts In Today's Session

UBS analyst Kevin Mcveigh maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Neutral and raises the price target from $110 to $115.

UBS Maintains Neutral on Trinet Group, Raises Price Target to $115

UBS analyst Kevin Mcveigh initiates coverage on Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Neutral rating and announces Price Target of $110.

Initiation

UBS Initiates Coverage On Trinet Group with Neutral Rating, Announces Price Target of $110

Stifel analyst David Grossman maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and raises the price target from $106 to $117.

Stifel Maintains Buy on Trinet Group, Raises Price Target to $117

Needham analyst Kyle Peterson reiterates Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and maintains $135 price target.

Needham Reiterates Buy on Trinet Group, Maintains $135 Price Target

<h3>Gainers</h3>
<ul>
<li>Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) stock rose 8.5% to $0.28 during Wednesday's after-market session. The company's market cap stands at $49.3 million. </li>
<li>Orion Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) stock increased by 7.23% to $5.48. The market value of their outstanding shares is at $177.6 million. As per the news, the Q3 earnings report came out today. </li>
<li>Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) shares increased by 5.96% to $37.5. The market value of their outstanding shares is at $4.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) shares increased by 5.58% to $115.0. The market value of their outstanding shares is at $5.8 billion. As per the press release, Q3 earnings came out today. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) shares moved upwards by 4.5% to $0.35. The company's market cap stands at $15.5 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock increased by 4.0% to $1.3. The market value of their outstanding shares is at $153.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) stock declined by 6.7% to $1.81 during Wednesday's after-market session. The company's market cap stands at $64.3 million. </li>
<li>Tecnoglass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NYSE">TGLS</a>) stock fell 4.76% to $30.87. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares declined by 4.61% to $0.23. This security traded at a volume of 14.9 million shares come close, making up 2077.2% of its average volume over the last 100 days. The company's market cap stands at $9.2 million. </li>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) stock declined by 4.38% to $0.79. The company's market cap stands at $14.1 million. </li>
<li>Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) stock decreased by 4.2% to $54.8. The company's market cap stands at $4.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock decreased by 3.99% to $7.11. The company's market cap stands at $4.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ALSN

FTCI

ILAG

NVVE

PIXY

PMEC

SUNW

TGLS

12 Industrials Stocks Moving In Wednesday's After-Market Session

TriNet Non-GAAP EPS of $1.60 beats by $0.42, revenue of $1.2B

TriNet Group (TNET) has released an update. On February 15, 2024, a significant announcement was made regarding a leadership change at a prominent ...

TriNet Group Announces Leadership Change and FD Disclosure

TriNet declares $0.25 dividend

TriNet Group, Inc. (TNET) Q4 2023 Earnings Call Transcript

In a report released today, Jared Levine from TD Cowen maintained a Buy rating on TriNet Group (TNET – Research Report), with a price target of $12...

TriNet Group's Promising Outlook: Buy Rating Affirmed Amidst Strong Fiscal Guidance and Growth Potential

Needham analyst Kyle Peterson reiterated a Buy rating on TriNet Group (TNET – Research Report) today and set a price target of $150.00. Kyle Peters...

TriNet Group: A Strong Buy on Solid Performance and Strategic Leadership Transition

The outsourcing industry is growing in response to rising demand for cost-effective solutions and specialized expertise. Therefore, fundamentally strong outsourcing stocks Wipro (WIT), TriNet Group (TNET) and Strategic Education (STRA) might be ideal additions to your portfolio. Read on... The outsourcing industry is poised for significant growth as a result of cost-cutting and operational streamlining trends, as well as technological advancements that make outsourcing easier. Therefore, it could be wise to own fundamentally strong outsourcing stocks Wipro Limited (<a href="https://stocknews.com/stock/WIT/">WIT</a>), TriNet Group, Inc. (<a href="https://stocknews.com/stock/TNET/">TNET</a>) and Strategic Education, Inc. (<a href="https://stocknews.com/stock/STRA/">STRA</a>).
The outsourcing industry is experiencing an increase in demand as a result of technical improvements and remote work. Business Process Outsourcing (BPO) is expanding due to its flexibility, cost savings, and higher service quality. IT outsourcing is also growing increasingly popular, with varied functions such as programming and technical support.
Cybersecurity is becoming more critical as public awareness grows and threats evolve. Emerging technology developments such as IoT, AI, cloud computing, and machine learning are transforming the outsourcing industry, increasing operational efficiency and competitiveness.
The global business process outsourcing market is expected to grow at a <a href="https://www.openpr.com/news/3372552/business-process-outsourcing-market-is-expected-to-grow-at-a-cagr">CAGR of 7.1% until 2029</a>. The focus of organizations on agility, efficiency, productivity, reduced time to market, and cost reduction drives the business process outsourcing industry. Also, growth is accelerated by SaaS-based solutions and process automation.
The IT outsourcing industry is predicted to expand to $171.5 billion by 2028, with a <a href="https://www.thebusinessresearchcompany.com/report/it-outsourcing-global-market-report">CAGR of 7.4%</a>. Remote work, virtualization, data privacy, AI integration, agile development, customer experience, increased demand, cost savings, complexity, digital transformation, cloud computing, and cybersecurity will all contribute to growth during this period.
Considering these conducive trends, let's take a look at the fundamentals these stocks.
Wipro Limited (<a href="https://stocknews.com/stock/WIT/">WIT</a>)
Based in Bengaluru, India, WIT is a global information technology, consulting, and business process services company. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The company also provides cybersecurity consulting services.
WIT's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp#:~:text=The%20ROTA%20metric%20can%20be,it%20should%20be%20in%20reality.">ROTA</a> of 10.03% is significantly higher than the industry average of 0.81%. Its trailing-12-month net income margin of 12.44% is 388.9% higher than the industry average of 2.26%.
For nine months ended December 31, 2023, WIT's revenues rose 0.4% year-over-year to ₹675.52 billion ($8.12 billion). The company's gross profit increased 5.8% over the prior-year period to ₹201.24 billion ($2.42 billion). Its results from operating activities stood at ₹100.73 billion ($1.21 billion). In addition, its profit for the period came in at ₹82.54 billion ($992.95 million). Also, its EPS came in at ₹15.42, representing an increase of 2.3% year-over-year.
Analysts expect WIT's revenue to come in at $10.82 billion for the year ending March 2024. Its EPS is expected to grow marginally year-over-year to $0.25 for the same period. The stock has gained 38% over the past nine months to close the last trading session at $6.43.
WIT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
WT has a B grade for Stability and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry, it is ranked #5 out of 9 stocks. To see additional POWR Ratings for Growth, Sentiment, Value and Momentum for WIT, <a href="https://stocknews.com/stock/WIT/">click here</a>.
TriNet Group, Inc. (<a href="https://stocknews.com/stock/TNET/">TNET</a>)
TNET provides comprehensive and flexible human capital management services for small and medium size businesses in the United States.
TNET's trailing-12-month ROCE of 87.92% is 613.9% higher than the 12.32% industry average. Its trailing-12-month ROTC of 23.90% is 248.7% higher than the 6.85% industry average.
TNET's total revenues for the fiscal fourth quarter ended December 31, 2023, increased marginally year-over-year to $1.25 billion. Its adjusted EBITDA increased 26.1% over the prior year quarter to $140 million. The company's net income increased 36.7% year-over-year to $67 million. Also, its EPS came in at $1.31, representing an increase of 67.9% year-over-year.
TNET's revenue is expected to come in at $1.31 billion for the year ending December 2024. Its EPS is expected to come $6.67 for the same period. Over the past nine months, the stock has gained 40% to close the last trading session at $127.18.
It's no surprise that TNET has an overall B rating, equating to a Buy in our POWR Ratings system. It has a B grade for Value and Stability. It is ranked #7 out of 42 stocks in the B-rated <a href="https://stocknews.com/category/outsourcing-business-services/">Outsourcing - Business Services</a> industry.
Beyond what is stated above, we've also rated TNET for Growth, Sentiment, Momentum and Quality. Get all TNET ratings <a href="https://stocknews.com/stock/TNET/">here</a>.
Strategic Education, Inc. (<a href="https://stocknews.com/stock/STRA/">STRA</a>)
STRA through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services.
STRA's trailing-12-month gross profit margin of 43.43% is 22.2% higher than the industry average of 35.55%. Its trailing-12-month levered FCF margin of 6.25% is 8.9% higher than the industry average of 5.74%.
For the third quarter that ended September 30, 2023, STRA reported revenues of $285.94 million, up 8.7% year-over-year. The company's income from operations increased 228.3% year-over-year to $25.63 million. Its net earnings came in at $23.26 million, up 191.6% from the prior year's quarter. Also, non-GAAP EPS rose 193.9% from the year-ago value to $0.97.
Street expects STRA's revenue to come in at $1.19 billion for the year ending December 2024, up 5.3% year-over-year. Its EPS is expected to grow 27.1% year-over-year to $4.29 for the same period. It is expected to surpass EPS in three of four trailing quarters. Shares of STRA have gained 31.5% over the past six months to close the last trading session at $95.35.
STRA has an overall B rating, equating to a Buy in our POWR Ratings system.
STRA's is ranked #11 out of 21 stocks in the A- rated <a href="https://stocknews.com/category/outsourcing-education-services/">Outsourcing - Education Services</a> industry. It has a B grade for Growth, Stability and Sentiment. To see additional STRA's ratings for Value, Momentum and Quality, <a href="https://stocknews.com/stock/STRA/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
WIT shares were trading at $6.37 per share on Tuesday afternoon, down $0.06 (-0.93%). Year-to-date, WIT has gained 14.58%, versus a 4.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/wit-tnet-stra-3-outsourcing-stocks-worth-your-attention/>3 Outsourcing Stocks Worth Your Attention</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Outsourcing Stocks Worth Your Attention

Kyle Peterson, an analyst from Needham, reiterated the Buy rating on TriNet Group (TNET – Research Report). The associated price target is $150.00....

Buy Rating Reiterated for TriNet Group on Strong Sales and Shareholder Returns, with a $150 Price Target

Jared Levine, an analyst from TD Cowen, maintained the Buy rating on TriNet Group (TNET – Research Report). The associated price target is $140.00....

TriNet Group (TNET) Poised for Accelerated Growth: A Strong Buy Rating

TriNet: Potential Revenue Growth Inflection In 2024

STRA

Press Releases

TriNet Named One of America's Greatest Workplaces for Diversity by Newsweek

TriNet to Report Fourth Quarter 2023 Financial Results on February 15

TriNet Announces Retirement of Burton M. Goldfield and Appoints Mike Simonds President and CEO

TriNet Announces Fourth Quarter, Fiscal Year 2023 Results, and Dividend Initiation

Commodities

TriNet Ranked #1 in Newsweek's Excellence 1000 Index 2024

TriNet Issues Correction to Previously Announced Ex-Dividend Date

Healthee Secures $32M Series A Funding, Accelerating How Employees Interact With Their Healthcare

TriNet to Celebrate Ten Years as Public Company with Ringing of Closing Bell at the New York Stock Exchange on March 27

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Trinet Group Stock (NYSE:TNET), Trade Ideas