Trinet Group Inc
TNET: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$436.00 | Clkhck | Zkzmjwzk |
TriNet Is Well Placed to Enjoy Attractive Industry Tailwinds and High Customer Switching Costs
Business Strategy and Outlook
We view TriNet as well placed to take share of the expansive, fragmented small and midsize business payroll and human capital management market, through industry consolidation and rising demand for comprehensive, outsourced solutions. Regional providers or do-it-yourself solutions such as Intuit’s QuickBooks or Microsoft Excel service most of the small-business market, creating meaningful scope for greater penetration by value-added providers like TriNet.