Trinet (TNET)
Market Price (10/31/2026): $64.17 | Market Cap: $2.9 BilSector: Industrials | Industry: Human Resource & Employment Services
Trinet (TNET)
Market Price (10/31/2026): $64.17Market Cap: $2.9 BilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, FCF Yield is 9.7% Low stock price volatilityVol 12M is 50% Megatrend and thematic driversMegatrends include Future of Work. Themes include HR Technology & Platforms, and Workforce Management & Compliance. | Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -123% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%, Rev Chg QQuarterly Revenue Change % is -4.6% Key risksTNET key risks include [1] significant profit margin pressure from escalating healthcare costs within its self-insured model, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, FCF Yield is 9.7% |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Future of Work. Themes include HR Technology & Platforms, and Workforce Management & Compliance. |
| Weak multi-year price returns2Y Excs Rtn is -50%, 3Y Excs Rtn is -123% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.6%, Rev Chg QQuarterly Revenue Change % is -4.6% |
| Key risksTNET key risks include [1] significant profit margin pressure from escalating healthcare costs within its self-insured model, Show more. |
Qualitative Assessment
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Trinet (TNET) stock has gained about 30% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Performance and Upgraded Full-Year Guidance. TriNet reported significant financial improvements for fiscal Q2 2026, which ended June 30, 2026, announcing a 50% growth in GAAP Earnings per Diluted Share to $1.15 and a 35% increase in Adjusted Net Income per Diluted Share to $1.55. These results surpassed expectations, leading the company to raise its full-year 2026 earnings guidance.
2. Fiscal Q3 2026 Adjusted Earnings Beat and Confirmed High-End Full-Year EPS Outlook. For fiscal Q3 2026, which ended September 30, 2026, TriNet delivered adjusted earnings of $0.94 per diluted share, notably exceeding analyst estimates that ranged from approximately $0.60 to $0.66 per share. Despite a 5% year-over-year revenue decrease to $1.175 billion and an 11% decline in total worksite employees, management reaffirmed its full-year 2026 guidance, signaling that diluted earnings per share are expected to reach the high end of the previously stated range of $4.50 to $5.10.
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Trinet (TNET) stock has gained about 30% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Performance and Upgraded Full-Year Guidance. TriNet reported significant financial improvements for fiscal Q2 2026, which ended June 30, 2026, announcing a 50% growth in GAAP Earnings per Diluted Share to $1.15 and a 35% increase in Adjusted Net Income per Diluted Share to $1.55. These results surpassed expectations, leading the company to raise its full-year 2026 earnings guidance.
2. Fiscal Q3 2026 Adjusted Earnings Beat and Confirmed High-End Full-Year EPS Outlook. For fiscal Q3 2026, which ended September 30, 2026, TriNet delivered adjusted earnings of $0.94 per diluted share, notably exceeding analyst estimates that ranged from approximately $0.60 to $0.66 per share. Despite a 5% year-over-year revenue decrease to $1.175 billion and an 11% decline in total worksite employees, management reaffirmed its full-year 2026 guidance, signaling that diluted earnings per share are expected to reach the high end of the previously stated range of $4.50 to $5.10.
3. Operational Improvements in Customer Retention and New Sales. TriNet demonstrated strengthening operational fundamentals during the period, with an reported improvement in customer retention and a return to year-over-year growth in new sales. Additionally, the company's operating cash flow increased by 11% to $80 million in fiscal Q3 2026.
4. Positive Analyst Sentiment and Price Target Revisions. Analyst firms reacted positively to TriNet's performance and outlook during this period. For example, Truist Financial increased its price target on TriNet's stock from $50.00 to $62.00 in July 2026, and UBS raised its price target from $62 to $71 in August 2026.
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Stock Movement Drivers
Fundamental Drivers
The 31.3% change in TNET stock from 6/30/2026 to 10/30/2026 was primarily driven by a 18.8% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.97 | 64.28 | 31.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,944 | 4,827 | -2.4% |
| Net Income Margin (%) | 3.2% | 3.6% | 10.8% |
| P/E Multiple | 14.5 | 17.2 | 18.8% |
| Shares Outstanding (Mil) | 47 | 46 | 2.2% |
| Cumulative Contribution | 31.3% |
Market Drivers
6/30/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| TNET | 31.3% | |
| Market (SPY) | 1.2% | -3.8% |
| Sector (XLI) | -9.6% | -13.4% |
Fundamental Drivers
The 79.7% change in TNET stock from 3/31/2026 to 10/30/2026 was primarily driven by a 65.6% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.76 | 64.28 | 79.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,010 | 4,827 | -3.7% |
| Net Income Margin (%) | 3.1% | 3.6% | 15.2% |
| P/E Multiple | 10.4 | 17.2 | 65.6% |
| Shares Outstanding (Mil) | 45 | 46 | -2.2% |
| Cumulative Contribution | 79.7% |
Market Drivers
3/31/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| TNET | 79.7% | |
| Market (SPY) | 16.5% | -5.9% |
| Sector (XLI) | 3.8% | -17.8% |
Fundamental Drivers
The -1.2% change in TNET stock from 9/30/2025 to 10/30/2026 was primarily driven by a -20.8% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.09 | 64.28 | -1.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,059 | 4,827 | -4.6% |
| Net Income Margin (%) | 2.8% | 3.6% | 25.2% |
| P/E Multiple | 21.7 | 17.2 | -20.8% |
| Shares Outstanding (Mil) | 48 | 46 | 4.3% |
| Cumulative Contribution | -1.2% |
Market Drivers
9/30/2025 to 10/30/2026| Return | Correlation | |
|---|---|---|
| TNET | -1.2% | |
| Market (SPY) | 14.4% | 3.5% |
| Sector (XLI) | 9.5% | -4.8% |
Fundamental Drivers
The -42.3% change in TNET stock from 9/30/2023 to 10/30/2026 was primarily driven by a -48.0% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 111.44 | 64.28 | -42.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,944 | 4,827 | -2.4% |
| Net Income Margin (%) | 6.9% | 3.6% | -48.0% |
| P/E Multiple | 19.7 | 17.2 | -12.8% |
| Shares Outstanding (Mil) | 60 | 46 | 30.4% |
| Cumulative Contribution | -42.3% |
Market Drivers
9/30/2023 to 10/30/2026| Return | Correlation | |
|---|---|---|
| TNET | -42.3% | |
| Market (SPY) | 82.9% | 22.1% |
| Sector (XLI) | 71.7% | 21.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TNET Return | 18% | -29% | 75% | -23% | -34% | 11% | -17% |
| Peers Return | 21% | -20% | 13% | -11% | -23% | 15% | -13% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| TNET Win Rate | 50% | 33% | 75% | 42% | 42% | 60% | |
| Peers Win Rate | 58% | 40% | 50% | 47% | 42% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TNET Max Drawdown | -19% | -40% | -17% | -40% | -42% | -47% | |
| Peers Max Drawdown | -33% | -43% | -40% | -38% | -45% | -50% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KFY, NSP, UPWK, IPDN, ADP. See TNET Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)
How Low Can It Go
| Event | TNET | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.4% | -24.5% |
| % Gain to Breakeven | 50.1% | 32.4% |
| Time to Breakeven | 223 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.3% | -33.7% |
| % Gain to Breakeven | 109.7% | 50.9% |
| Time to Breakeven | 119 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.1% | -19.2% |
| % Gain to Breakeven | 41.0% | 23.8% |
| Time to Breakeven | 53 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -16.9% | -3.7% |
| % Gain to Breakeven | 20.3% | 3.9% |
| Time to Breakeven | 10 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.9% | -12.2% |
| % Gain to Breakeven | 53.5% | 13.9% |
| Time to Breakeven | 76 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.9% | -6.8% |
| % Gain to Breakeven | 112.4% | 7.3% |
| Time to Breakeven | 382 days | 15 days |
In The Past
Trinet's stock fell -8.4% during the 2025 US Tariff Shock. Such a loss loss requires a 9.1% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | TNET | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.4% | -24.5% |
| % Gain to Breakeven | 50.1% | 32.4% |
| Time to Breakeven | 223 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.3% | -33.7% |
| % Gain to Breakeven | 109.7% | 50.9% |
| Time to Breakeven | 119 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.1% | -19.2% |
| % Gain to Breakeven | 41.0% | 23.8% |
| Time to Breakeven | 53 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.9% | -12.2% |
| % Gain to Breakeven | 53.5% | 13.9% |
| Time to Breakeven | 76 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -52.9% | -6.8% |
| % Gain to Breakeven | 112.4% | 7.3% |
| Time to Breakeven | 382 days | 15 days |
In The Past
Trinet's stock fell -8.4% during the 2025 US Tariff Shock. Such a loss loss requires a 9.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Trinet (TNET)
TriNet Group, Inc. (TNET) operates as a Professional Employer Organization (PEO), providing comprehensive human resources (HR) solutions, payroll services, and employee benefits primarily to small and midsize businesses across the United States. The company essentially allows these businesses to outsource their complex HR functions, enabling them to focus on their core operations while gaining access to enterprise-level HR expertise, compliance management, and competitive employee benefits that might otherwise be difficult for smaller entities to procure independently.
The company's main products and services are designed to cover the full spectrum of HR needs. These include accurate multi-state payroll processing and tax administration, robust employee benefits programs such as health insurance and retirement plans, and workers' compensation insurance and claims management. TriNet also offers critical support in navigating employment and benefits law compliance, along with various other HR-related services, all aimed at mitigating employment risks for its client base.
TriNet serves a diverse and broad range of small and midsize businesses across numerous industries. Its primary customers come from sectors such as technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality. The company reaches these clients through its direct sales organization, providing specialized HR solutions tailored to the unique challenges and requirements of each industry it supports.
```AI Analysis | Feedback
Here are a few analogies to describe TriNet (TNET):
- TriNet is like ADP or Paychex for an entire outsourced HR department, handling payroll, benefits, and compliance for small and midsize businesses.
- They're like TurboTax for small business HR and employee compliance, simplifying complex processes.
- Think of them as Amazon Web Services (AWS) for human resources, providing the essential HR infrastructure and services for businesses.
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- Payroll Services: TriNet provides multi-state payroll processing and tax administration for businesses.
- Employee Benefits Programs: The company offers comprehensive employee benefits programs, including health insurance and retirement plans.
- Employment Risk Mitigation Services: TriNet delivers services for employment and benefits law compliance, as well as workers' compensation insurance and claims management.
- HR Solutions & Administration: It offers various human resources solutions and administrative support for small and midsize businesses.
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TriNet (TNET) primarily sells its human resources solutions, payroll services, and employee benefits to **small and midsize businesses (SMBs)** across the United States. Due to the nature of its business model, TriNet does not have a few individually identifiable major public company customers; instead, its client base is comprised of a large number of diverse SMBs.
TriNet serves businesses in a wide array of industries, which can be broadly categorized as:
- Technology, Life Sciences, and Professional Services: This category includes businesses focused on innovation, specialized expertise, and knowledge-based services, such as software companies, biotechnology firms, consulting agencies, and financial services firms.
- Service-Oriented and Community-Based Enterprises: This encompasses industries centered around providing direct services or fulfilling community needs, including hospitality, property management, and not-for-profit organizations.
- Goods Production and Distribution: This category covers businesses involved in manufacturing, production, and the sale of physical goods, such as retail businesses and manufacturing companies.
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- UnitedHealth Group (UNH)
- Elevance Health (ELV)
- The Cigna Group (CI)
- CVS Health (CVS)
- Principal Financial Group (PFG)
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Mike Simonds, President and Chief Executive Officer
Mike Simonds was appointed President and CEO of TriNet in February 2024. Before joining TriNet, he served as Executive Vice President and Chief Operating Officer at Unum Group, a Fortune 500 provider of workplace benefits and services, where he was responsible for all of Unum's active businesses, collectively serving nearly 40 million workers and their families globally. He previously held the position of President and CEO of Unum US, Unum Group's largest business unit, among other management roles at Unum.
Mala Murthy, Executive Vice President and Chief Financial Officer
Mala Murthy joined TriNet in November 2025 as Executive Vice President and Chief Financial Officer. She most recently served as CFO of Teladoc Health for six years, from 2019 to 2025. Prior to Teladoc Health, Murthy held several senior executive positions at American Express, including Chief Financial Officer of its Global Commercial Services segment, which generated over $15 billion in revenue, from 2012 to 2019. Her experience also includes finance leadership roles in FP&A, Treasury, and Corporate Development and Strategy at PepsiCo from 1995 to 2012. She has served on the board of Avantor, Inc. since November 2021.
Catherine Wragg, Chief People Officer
Catherine Wragg joined TriNet in 2017 as Senior Vice President of Human Resources and now serves as Chief People Officer. In her role, she oversees crucial HR functions, including learning and development, talent acquisition, total rewards, and HR operations.
Jay Venkat, Executive Vice President, Strategy, Products and Transformation
Jay Venkat serves as Executive Vice President, Strategy, Products and Transformation, having previously been Senior Vice President of Strategy at TriNet since 2010. He is responsible for aligning TriNet's internal development and acquisitions with the company's overall corporate strategy.
Shea Treadway, Chief Revenue Officer
Shea Treadway joined TriNet in 2024 as Chief Revenue Officer. He brings over two decades of experience in the employee benefits market, specifically working with small and medium-size businesses. His background includes managing multi-channel and tech-enabled sales and client management organizations at scale.
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The key risks to TriNet Group, Inc.'s (TNET) business are primarily centered around managing its insurance costs, navigating complex regulatory landscapes, and facing intense competition within the Professional Employer Organization (PEO) market.
- Rising Insurance Costs and High Insurance Cost Ratio (ICR): A significant portion of TriNet's overall costs is directly influenced by workers' compensation and health insurance claims from its worksite employees (WSEs). The company's profitability, particularly in its insurance services business, is heavily impacted by its Insurance Cost Ratio (ICR). TriNet has faced pressure from rising healthcare costs and utilization, leading to an increased ICR, which can lower the profitability of its insurance services. For example, the full-year 2025 ICR was projected to be between 90% and 92%, indicating that a large portion of revenue is consumed by insurance offerings, thereby compressing profitability in this segment. While TriNet is implementing strategic repricing to manage these costs and aims to return the ICR to a target range, this remains a crucial operational challenge.
- Regulatory and Compliance Risks: TriNet operates in a complex and constantly evolving regulatory environment at federal, state, and local levels, especially concerning employment laws, employee benefits, and its co-employment model. Changes in these laws can necessitate significant adjustments to TriNet's business model and increase compliance costs. Non-compliance with HR rules and regulations can expose the company to substantial fines, penalties, reputational damage, and legal action. The co-employment model itself carries unique risks, including regulatory uncertainties and potential liabilities for client actions.
- Competitive Pressures and Market Dynamics: TriNet operates in a highly competitive PEO market alongside numerous other providers offering similar HR and payroll services, such as ADP, Paychex, and Insperity. To maintain its market position and attract new clients, TriNet must continuously innovate and differentiate its offerings. The company's demand for services is also susceptible to broader market dynamics, including economic downturns and weak hiring trends, particularly within the specific industries and geographic regions it serves. Challenges such as declining core client counts (Worksite Employees or WSEs) have also been noted, signaling potential market share challenges in a competitive environment.
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The emergence of comprehensive, integrated HR, payroll, and IT management software platforms (sometimes referred to as "HR operating systems" or "PEO alternatives") poses an emerging threat. These platforms allow small and midsize businesses to manage a wide range of HR functions, including payroll, benefits administration, compliance, and even IT provisioning, through a single software solution. Unlike TriNet's traditional Professional Employer Organization (PEO) model, which involves co-employment and a bundled service approach, these platforms often offer more modularity, potentially lower costs, and greater direct control for the client over their HR functions without the full PEO overhead. This shift allows businesses to acquire PEO-like functionalities through a software-centric model, potentially eroding the demand for TriNet's full-service PEO offerings for a segment of the SMB market.
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The addressable markets for TriNet's main products and services in the United States are substantial, particularly within the small and midsize business (SMB) segment.
Professional Employer Organization (PEO) Services
The Professional Employer Organizations (PEO) industry in the United States is projected to reach approximately $196.7 billion in 2025. Other estimates for the U.S. PEO industry's gross revenues range from $136 billion to $156 billion as of March 2025. The global PEO market was valued at $66.23 billion in 2024 and is projected to grow to $73.58 billion in 2025, reaching $170.8 billion by 2033, with North America holding the largest share in 2023.
Human Resources (HR) Solutions
The U.S. HR & Payroll Software Market was valued at $20.9 billion in 2024 and is expected to reach $29.2 billion by 2032, with small and medium enterprises (SMEs) showing the highest Compound Annual Growth Rate (CAGR) due to their need for affordable, flexible, and user-friendly solutions. Additionally, the U.S. Payroll and HR Solution and Services Market is projected to grow from $9.1 billion in 2024 to $45.9 billion by 2032. North America holds a significant share of the broader HR software market, with the U.S. market anticipated to grow at a CAGR of over 11% from 2024 to 2030.
Payroll Services
The United States payroll services market is estimated at $8.44 billion in 2025 and is forecast to reach $11.61 billion by 2031, with small-sized companies accounting for 47.15% of the market share in 2025. The global small business payroll service market was valued at $19.98 billion in 2025 and is expected to grow to $33.33 billion by 2032.
Employee Benefits
The employee benefits industry in the United States, considering only the health insurance portion, is estimated to be $2.55 trillion in 2024. When including other benefits such as dental, vision, disability, retirement, and paid leave, the total annual market size is likely to exceed $3 trillion. Small and medium-sized businesses comprise approximately 99.9% of all companies in the U.S. In March 2025, 72% of private industry workers had access to retirement benefits, and 59% of workers in establishments with less than 100 employees had access to such benefits. Access to insurance benefits like life insurance and disability plans also varies by employer size, with smaller businesses typically having lower access rates compared to larger firms.
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1. Strategic Pricing and Revenue Quality Improvement: TriNet's ongoing repricing efforts, particularly in its insurance and professional services, are expected to stabilize and enhance revenue quality. While initial repricing led to some attrition, management anticipates improved retention following these adjustments, positioning the company for more sustainable and profitable revenue streams.
2. Growth in Worksite Employees (WSEs) and Customer Acquisition: Despite recent declines in WSE volumes, TriNet aims to return to growth in this key metric. Investments in "offering and go-to-market" initiatives are expected to drive 4% to 6% revenue growth, supported by improved net hiring within its client base and efforts to enhance new sales and retention of WSEs. The company anticipates sales growth and improved retention as 2026 progresses.
3. Expansion of the Broker Channel: TriNet is strategically expanding its broker channel, engaging with national insurance brokerages in co-development efforts. This initiative, highlighted as a key strategy for 2026, is designed to broaden customer reach and drive new client acquisition through partnerships.
4. Introduction of New Products and Services: The company plans to launch new offerings, including AI-powered services like the "AI-powered TriNet Assistant for customer service" and various new partnerships in 2026. Additionally, TriNet is launching new benefit plan bundles, leveraging its carrier partnerships and proprietary data to meet customer needs and simplify the sales process. These innovations aim to enhance the value proposition for clients and attract new business.
5. Improved Client Retention and Satisfaction: TriNet has made significant progress in enhancing client service and operational efficiency, leading to an all-time high Net Promoter Score in 2025. This focus on improving the client experience and satisfaction is expected to bolster retention rates, which, in turn, will contribute to overall revenue growth by reducing churn and fostering a stable customer base.
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Share Repurchases
- TriNet returned over $200 million in capital to shareholders through share repurchases and dividends in 2025.
- In 2025, TriNet repurchased 2.8 million shares for $182 million.
- As of February 6, 2026, the company's stock repurchase program was increased by $336 million, bringing the total available for future repurchases to $400 million, with no expiration date.
- In 2023, TriNet repurchased $1,152 million in common stock, including a $640 million tender offer in August and a $360 million repurchase from Atairos Group, Inc. in September.
Share Issuance
- TriNet issued $11 million in common stock in 2025.
- The company issued $12 million in common stock in 2024.
- In 2023, TriNet issued $15 million in common stock.
Outbound Investments
- TriNet acquired Zenefits, a People Operations platform, in December 2021, to diversify its product offering to include an Administrative Services Organization (ASO) and expand its ecosystem.
- In September 2022, TriNet acquired Clarus R+D, a provider of R&D tax credit management software.
- Payments for business acquisitions amounted to $229 million in 2022.
Capital Expenditures
- Capital expenditures were $69 million in 2025.
- TriNet reported capital expenditures of $78 million in 2024 and $75 million in 2023.
- The company plans to launch AI-powered TriNet Assistant for customer service in 2026, indicating a continued focus on technology investments.
Peer Outperformance in Human Resource & Employment Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 55.5% | 57.8% | 159.8% | MATX 186% · KEX 175% |
| Construction & Engineering | 29 | -6.3% | 106.7% | 152.2% | STRL 1339% · FIX 1275% · AGX 809% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 13.4% | 67.0% | 104.9% | ALSN 249% · CAT 231% · WAB 217% |
| Aerospace & Defense | 52 | -10.2% | 63.7% | 67.6% | ATI 929% · FTAI 906% · HWM 581% |
| Trading Companies & Distributors | 19 | 22.0% | 43.3% | 61.7% | DXPE 429% · URI 221% · AIT 215% |
| Diversified Support Services | 34 | 16.8% | 43.6% | 35.8% | CXW 259% · OPLN 166% · CACI 135% |
| Industrial Machinery & Supplies & Components | 72 | 2.5% | 50.4% | 35.8% | CRS 865% · MLI 344% · SYM 280% |
| Rail Transportation | 7 | 32.3% | 58.6% | 29.9% | CSX 54% · UNP 41% · NSC 30% |
| Building Products | 32 | -6.7% | 15.1% | 22.5% | GFF 363% · TT 141% · JCI 124% |
| Electrical Components & Equipment | 37 | -6.3% | 79.7% | 17.1% | POWL 1863% · VRT 810% · BE 550% |
| Cargo Ground Transportation | 16 | 36.2% | 6.3% | 11.9% | R 275% · XPO 263% · ARCB 43% |
| Industrial Conglomerates | 17 | 16.3% | 5.5% | 2.4% | CSW 111% · DD 85% · CSL 78% |
| Office Services & Supplies | 9 | 29.6% | 20.6% | -9.3% | PBI 186% · TILE 161% · HNI 55% |
| Data Processing & Outsourced Services | 6 | -19.7% | 0.1% | -15.9% | EXLS 69% · BR 10% · G -13% |
| Security & Alarm Services | 9 | -51.5% | 24.2% | -17.6% | BCO 58% |
| Agricultural & Farm Machinery | 16 | 8.3% | -4.2% | -19.6% | DE 111% · TTC 23% · AGCO 5% |
| Environmental & Facilities Services | 29 | -30.8% | 33.9% | -25.0% | GEO 249% · CLH 168% · RSG 93% |
| Research & Consulting Services | 13 | 8.7% | -12.8% | -25.4% | HURN 288% · FCN 27% · BAH 12% |
| Passenger Airlines | 11 | -2.5% | 51.6% | -32.4% | LTM 2856% · UAL 126% · DAL 113% |
| Passenger Ground Transportation | 3 | -20.4% | 50.8% | -34.4% | UBER 49% · CAR -34% · LYFT -65% |
| Air Freight & Logistics | 12 | -19.0% | -9.0% | -39.3% | FDX 84% · EXPD 71% · CHRW 45% |
| Human Resource & Employment Services ← | 22 | 20.9% | -8.2% | -42.8% | ADP 46% · FA 28% · PAYX 6% |
| Airport Services | 4 | -52.8% | -59.3% | -85.9% | JOBY -44% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Trinet Earnings Notes | 12/29/2026 | |
| With Trinet Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Trinet vs UnitedHealth: Which Is A Better Investment? | 08/18/2025 | |
| Trinet vs United Airlines: Which Is A Better Investment? | 08/18/2025 | |
| How Does Trinet Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than TNET Stock: Pay Less Than Trinet To Get More From UNH, MRK | 08/12/2025 | |
| Better Bet Than TNET Stock: Pay Less Than Trinet To Get More From UAL, BAH | 08/12/2025 | |
| TNET Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| 42 Small Cap Stocks Just Made New 52-Week Highs | 10/23/2026 | |
| Stocks Trading At 52-Week Low | 07/22/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 56.39 |
| Mkt Cap | 2.4 |
| Rev LTM | 5,864 |
| Op Inc LTM | 204 |
| FCF LTM | 242 |
| FCF 3Y Avg | 283 |
| CFO LTM | 305 |
| CFO 3Y Avg | 335 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.0% |
| Rev Chg 3Y Avg | 4.6% |
| Rev Chg Q | 0.0% |
| QoQ Delta Rev Chg LTM | -0.0% |
| Op Inc Chg LTM | 10.3% |
| Op Inc Chg 3Y Avg | 0.2% |
| Op Mgn LTM | 10.6% |
| Op Mgn 3Y Avg | 9.2% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 16.2% |
| CFO/Rev 3Y Avg | 16.3% |
| FCF/Rev LTM | 13.6% |
| FCF/Rev 3Y Avg | 14.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 1.0 |
| P/Op Inc | 14.9 |
| P/EBIT | 14.2 |
| P/E | 21.4 |
| P/CFO | 7.9 |
| Total Yield | 6.9% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 7.3% |
| D/E | 0.3 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.3% |
| 3M Rtn | -1.0% |
| 6M Rtn | 42.3% |
| 12M Rtn | 11.3% |
| 3Y Rtn | -23.5% |
| 1M Excs Rtn | 1.5% |
| 3M Excs Rtn | -7.6% |
| 6M Excs Rtn | 35.2% |
| 12M Excs Rtn | 1.4% |
| 3Y Excs Rtn | -109.1% |
Comparison Analyses
Price Behavior
| Market Price | $64.28 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 03/27/2014 | |
| Distance from 52W High | -15.2% | |
| 50 Days | 200 Days | |
| DMA Price | $67.53 | $52.96 |
| DMA Trend | up | up |
| Distance from DMA | -4.8% | 21.4% |
| 3M | 1YR | |
| Volatility | 41.1% | 49.6% |
| Downside Capture | 19.89 | 20.43 |
| Upside Capture | 55.99 | 42.30 |
| Correlation (S&P 500) | -4.6% | 2.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.64 | 1.12 | 0.18 | -0.11 | 0.21 | 0.62 |
| Up Beta | -0.84 | -0.00 | -0.75 | -0.66 | -0.23 | 0.66 |
| Down Beta | 4.04 | 1.01 | -0.04 | -0.21 | 0.42 | 0.62 |
| Up Capture | -10% | 124% | 104% | 68% | 17% | 14% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 17 | 32 | 63 | 126 | 364 |
| Down Capture | 169% | 190% | -34% | -92% | 46% | 92% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 25 | 32 | 62 | 125 | 387 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNET | |
|---|---|---|---|---|
| TNET | 12.3% | 49.6% | 0.39 | - |
| Sector ETF (XLI) | 8.9% | 17.3% | 0.32 | -7.1% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 1.7% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | -16.7% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -6.4% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | 15.1% |
| Bitcoin (BTCUSD) | -30.3% | 43.5% | -0.71 | 5.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNET | |
|---|---|---|---|---|
| TNET | -7.1% | 38.4% | -0.10 | - |
| Sector ETF (XLI) | 11.4% | 17.6% | 0.48 | 33.1% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 34.8% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | -8.1% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 1.1% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 32.6% |
| Bitcoin (BTCUSD) | 4.8% | 51.6% | 0.28 | 16.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TNET | |
|---|---|---|---|---|
| TNET | 13.1% | 40.4% | 0.43 | - |
| Sector ETF (XLI) | 13.2% | 20.1% | 0.58 | 44.4% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 44.8% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | -4.2% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 11.3% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 40.2% |
| Bitcoin (BTCUSD) | 61.7% | 66.2% | 1.01 | 11.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 10/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -9.5% | ||
| 7/30/2026 | 2.1% | -2.6% | -1.0% |
| 4/30/2026 | 6.8% | -4.6% | 6.6% |
| 2/12/2026 | -10.8% | -5.7% | -19.6% |
| 10/29/2025 | -6.6% | -7.6% | -6.8% |
| 7/25/2025 | 4.7% | 3.2% | 5.0% |
| 4/25/2025 | -0.4% | 1.5% | 4.6% |
| 2/13/2025 | -14.8% | -24.3% | -18.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 10 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 4.1% | 6.4% | 7.5% |
| Median Negative | -9.5% | -5.9% | -7.8% |
| Max Positive | 10.9% | 14.9% | 25.8% |
| Max Negative | -16.6% | -24.3% | -19.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -9.5% | ||
| 7/30/2026 | 2.1% | -2.6% | -1.0% |
| 4/30/2026 | 6.8% | -4.6% | 6.6% |
| 2/12/2026 | -10.8% | -5.7% | -19.6% |
| 10/29/2025 | -6.6% | -7.6% | -6.8% |
| 7/25/2025 | 4.7% | 3.2% | 5.0% |
| 4/25/2025 | -0.4% | 1.5% | 4.6% |
| 2/13/2025 | -14.8% | -24.3% | -18.6% |
| 10/25/2024 | -12.4% | -7.4% | 1.5% |
| 7/26/2024 | 2.0% | -6.2% | -5.7% |
| 4/26/2024 | -16.6% | -19.6% | -15.2% |
| 2/15/2024 | 8.4% | 9.4% | 8.3% |
| 10/25/2023 | 1.0% | -6.7% | 3.6% |
| 7/26/2023 | 5.6% | 8.4% | 10.4% |
| 4/26/2023 | 10.9% | 14.9% | 9.1% |
| 2/15/2023 | 9.6% | 7.0% | -4.6% |
| 10/25/2022 | -14.2% | -15.3% | -7.8% |
| 7/26/2022 | 3.4% | 3.9% | 10.5% |
| 4/26/2022 | 0.1% | -3.2% | -18.3% |
| 2/14/2022 | 2.1% | -0.5% | 6.6% |
| 10/25/2021 | 1.5% | 4.6% | 11.1% |
| 7/26/2021 | 7.8% | 14.3% | 25.8% |
| 4/26/2021 | -7.8% | -5.7% | -7.7% |
| 2/16/2021 | -0.9% | 5.8% | 4.5% |
| 10/26/2020 | -0.7% | -0.8% | 8.9% |
| SUMMARY STATS | |||
| # Positive | 14 | 10 | 14 |
| # Negative | 11 | 14 | 10 |
| Median Positive | 4.1% | 6.4% | 7.5% |
| Median Negative | -9.5% | -5.9% | -7.8% |
| Max Positive | 10.9% | 14.9% | 25.8% |
| Max Negative | -16.6% | -24.3% | -19.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| 03/31/2022 | 04/26/2022 | 10-Q |
| 12/31/2021 | 02/14/2022 | 10-K |
| 09/30/2021 | 10/25/2021 | 10-Q |
| 06/30/2021 | 07/26/2021 | 10-Q |
| 03/31/2021 | 04/26/2021 | 10-Q |
| 12/31/2020 | 02/16/2021 | 10-K |
| 09/30/2020 | 10/26/2020 | 10-Q |
| 06/30/2020 | 07/27/2020 | 10-Q |
| 03/31/2020 | 04/28/2020 | 10-Q |
| 12/31/2019 | 02/13/2020 | 10-K |
Recent Forward Guidance
Updated 10/30/2026Latest: Q3 2026 Earnings Reported 10/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Insurance Cost Ratio | Reported | 0.89 | 0.89 | 0.9 | 0.0% | Affirmed | Guidance: 0.89 for 2026 | |
| 2026 Total Revenues | Reported | 4.75 Bil | 4.83 Bil | 4.90 Bil | 0.0% | Affirmed | Guidance: 4.83 Bil for 2026 | |
| 2026 Professional Service Revenues | Reported | 647.00 Mil | 655.00 Mil | 663.00 Mil | 0.0% | Affirmed | Guidance: 655.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | Reported | 8.5% | 8.75% | 9.0% | 0.0% | Affirmed | Guidance: 8.75% for 2026 | |
| 2026 Diluted net income per share of common stock | Reported | 2.85 | 3.1 | 3.35 | 0.0% | Affirmed | Guidance: 3.1 for 2026 | |
| 2026 Adjusted Net Income per share - diluted | Reported | 4.5 | 4.8 | 5.1 | 0.0% | Affirmed | Guidance: 4.8 for 2026 | |
| 2026 Net Income Growth | Reported | -15.0% | -7.5% | 0.0% | ||||
| 2026 Adjusted Net Income Growth | Reported | -10.0% | -3.5% | 3.0% | ||||
Prior: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Insurance Cost Ratio | Reported | 0.89 | 0.89 | 0.9 | -1.0% | Lowered | Guidance: 0.9 for 2026 | |
| 2026 Total Revenues | Reported | 4.75 Bil | 4.83 Bil | 4.90 Bil | 0 | Affirmed | Guidance: 4.83 Bil for 2026 | |
| 2026 Professional Service Revenues | Reported | 647.00 Mil | 655.00 Mil | 663.00 Mil | 3.1% | Raised | Guidance: 635.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | Reported | 8.5% | 8.75% | 9.0% | 0.6% | Raised | Guidance: 8.1% for 2026 | |
| 2026 Diluted net income per share of common stock | Reported | 2.85 | 3.1 | 3.35 | 19.2% | Raised | Guidance: 2.6 for 2026 | |
| 2026 Adjusted Net Income per share - diluted | Reported | 4.5 | 4.8 | 5.1 | 14.3% | Raised | Guidance: 4.2 for 2026 | |
Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Insurance Cost Ratio | Reported | 0.89 | 0.9 | 0.91 | 0 | Affirmed | Guidance: 0.9 for 2026 | |
| 2026 Total Revenues | Reported | 4.75 Bil | 4.83 Bil | 4.90 Bil | 0 | Affirmed | Guidance: 4.83 Bil for 2026 | |
| 2026 Professional Service Revenues | Reported | 625.00 Mil | 635.00 Mil | 645.00 Mil | 0 | Affirmed | Guidance: 635.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Margin | Reported | 7.5% | 8.1% | 8.7% | 0 | Affirmed | Guidance: 8.1% for 2026 | |
| 2026 Diluted net income per share of common stock | Reported | 2.15 | 2.6 | 3.05 | 0 | Affirmed | Guidance: 2.6 for 2026 | |
| 2026 Adjusted Net Income per share - diluted | Reported | 3.7 | 4.2 | 4.7 | 0 | Affirmed | Guidance: 4.2 for 2026 | |
Q4 2025 Earnings Reported 2/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Insurance Cost Ratio | Reported | 0.89 | 0.9 | 0.91 | -1.0% | Lower New | Actual: 0.91 for 2025 | |
| 2026 Total Revenues | Reported | 4.75 Bil | 4.83 Bil | 4.90 Bil | -4.4% | Lower New | Actual: 5.04 Bil for 2025 | |
| 2026 Professional Service Revenues | Reported | 625.00 Mil | 635.00 Mil | 645.00 Mil | -11.2% | Lower New | Actual: 715.00 Mil for 2025 | |
| 2026 Adjusted EBITDA Margin | Reported | 7.5% | 8.1% | 8.7% | 0.1% | Higher New | Actual: 8.0% for 2025 | |
| 2026 Diluted net income per share of common stock | Reported | 2.15 | 2.6 | 3.05 | -1.9% | Lower New | Actual: 2.65 for 2025 | |
| 2026 Adjusted Net Income per share - diluted | Reported | 3.7 | 4.2 | 4.7 | 5.0% | Higher New | Actual: 4 for 2025 | |
Insider Activity
Updated 8/31/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chamberlain, Paul Edward | Direct | Sell | 8312026 | 69.70 | 2,400 | 167,280 | 2,800,198 | Form | |
| 2 | Majalya, Sidney A | SVP, CLO and Secretary | Direct | Sell | 8242026 | 68.53 | 775 | 53,111 | 3,646,618 | Form |
| 3 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 8212026 | 69.80 | 1,068 | 74,546 | 4,572,319 | Form |
| 4 | Lowell, Wayne B | Trust | Sell | 8062026 | 68.71 | 5,773 | 396,667 | 5,939,971 | Form | |
| 5 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 5212026 | 43.46 | 933 | 40,548 | 2,941,286 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chamberlain, Paul Edward | Direct | Sell | 8312026 | 69.70 | 2,400 | 167,280 | 2,800,198 | Form | |
| 2 | Majalya, Sidney A | SVP, CLO and Secretary | Direct | Sell | 8242026 | 68.53 | 775 | 53,111 | 3,646,618 | Form |
| 3 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 8212026 | 69.80 | 1,068 | 74,546 | 4,572,319 | Form |
| 4 | Lowell, Wayne B | Trust | Sell | 8062026 | 68.71 | 5,773 | 396,667 | 5,939,971 | Form | |
| 5 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 5212026 | 43.46 | 933 | 40,548 | 2,941,286 | Form |
| 6 | Evanko, Brian C | Direct | Buy | 5182026 | 37.70 | 5,000 | 188,500 | 360,600 | Form | |
| 7 | Majalya, Sidney A | SVP, CLO and Secretary | Direct | Sell | 4032026 | 37.02 | 775 | 28,691 | 2,063,865 | Form |
| 8 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 2202026 | 41.81 | 487 | 20,361 | 1,129,121 | Form |
| 9 | Majalya, Sidney A | SVP, CLO and Secretary | Direct | Sell | 1132026 | 61.86 | 775 | 47,942 | 1,228,107 | Form |
| 10 | Hayward, Jeffery Jon | Chief Technology Officer | Direct | Sell | 11262025 | 57.51 | 1,437 | 82,642 | 1,605,814 | Form |
| 11 | Hayward, Jeffery Jon | Chief Technology Officer | Direct | Sell | 11242025 | 55.00 | 127 | 6,985 | 1,614,764 | Form |
| 12 | Treadway, Anthony Shea | SVP, Chief Revenue Officer | Direct | Sell | 11202025 | 54.52 | 459 | 25,025 | 1,538,772 | Form |
| 13 | Chamberlain, Paul Edward | Direct | Sell | 11102025 | 57.81 | 600 | 34,686 | 2,187,530 | Form | |
| 14 | Majalya, Sidney A | SVP, CLO and Secretary | Direct | Sell | 10032025 | 65.93 | 775 | 51,096 | 1,380,113 | Form |
Investor Activity (13F)
Updated Oct 31, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Human Resource & Employment Services Resources |
| HR Magazine (SHRM) |
| HR Dive |
| Personnel Today |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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