Trinet Group

TriNet has signed a definitive agreement to acquire Cocoon, a provider of technology solutions for absence management. Cocoon offers automated workflows, integrated claim filing with insurers and automatic payroll processing to ensure compliance. Upon closing, Cocoon will become a wholly owned subsidiary of TriNet; the deal is expected to close later this month and financial terms were not disclosed. TriNet expects the transaction will have no material impact on its 2026 financial outlook. » Más en de.investing.com

TriNet unveiled new features, including the AI-powered TriNet Assistant for conversational HR support, TriNet Global for employment and payroll in over 150 countries (technology partner: Multiplier), and TriNet IT for device and asset management (partner: Electric AI). Predefined connectors for retirement providers such as Voya and Vestwell will also be integrated to unify HR and IT workflows. The announcements come as the stock lost about 50% in the past year; TriNet remains profitably valued with a P/E ratio of 12.21 and earnings of $3.20 per share. » Más en de.investing.com

The board of directors of TriNet has declared a quarterly dividend of $0.29 per common share. Ex- and record date is April 1, 2026, with payment on April 27, 2026. The dividend yield is 2.94% and dividend growth was 10% over the last twelve months; according to InvestingPro the stock appears undervalued at a price of $36.83. » Más en de.investing.com