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TSRI stands for TriNet Group, Inc., a cloud-based software and services company that provides a platform for small and medium businesses. Unfortunately, TriNet'w stock been delisted from NASDAQ on Nov 9, 2022.
The company's focus is on human resources, benefits, insurance, and compliance with government regulations. TriNet provides HR expertise, compliance-related services, and a cloud-based system to small and mid-sized businesses.
For a company's stock to be listed on a significant stock exchange like NASDAQ, it must first fulfill specific requirements. Companies must, for example, have at least 1,100,000 shares in public hands, a minimum bid price of $4 per share, and a market value of publicly held shares of at least $15 million.
TriNet Group, Inc. failed to fulfill these conditions, which led to its delisting. However, the business has expressed intentions to list its shares on OTC (Over-the-Counter) Market.
I can not provide real-time stats because TriNet's stock has been delisted. However, I can provide some basic, general, publicly available information about the company.
TriNet group Inc. is a US-based company with headquarters in Dublin, California. It was founded in 1998 and went public in 2014.TriNet group, Inc. serves over 17,000 small and midsize clients, and its products and services are designed to help companies reduce their administrative burden shen they don't have HR managers, legal, experts, or benefits specialists to manage HR compliance requirements.
TriNet competes with not only payroll providers such as ADP and Paychex but also HR cloud software providers such as Workday and Bamboo HR. However, the company provides a more comprehensive bundle of HR services with its cloud software platform than Workday or Bamboo HR.
TriNet group charges clients a fee based on a percentage of their payroll, which typically ranges between 2%-3% of the customer's total recurring monthly payroll payment. Some analysts believe the stock might be a buy, but its financials still need to be improved. TriNet is valued at over $8 billion and has achieved triple-digit revenue growth over the past few years. However, its profits have been minimal.
TriNet emphasizes assistance and aid, and its website lists a contact number and email address for customer service. Customer reviews of TriNet are mixed. However, most reviews are positive, commending TriNet's professional staff and smooth HR processes.
Efficiency: With TriNet, companies can focus better on what they do well, while TriNet manages HR compliance.
HR Professionals: TriNet designs its solutions with certified HR professionals at the forefront, focusing on HR compliance, HR administration, retirement plans, employee benefits, individual health insurance, and other HR needs.
TriNet provides technology that allows customers to manage HR matters independently.
In addition to local support, clients have access to HR professionals for compliance and administrative issues. In addition, companies that partner with TriNet get access to cloud software for HR and benefits management.
To sum up, TriNet assists small and mid-sized businesses by handling HR, benefits, and compliance. While the company has faced financial difficulties leading to its delisting, it plans to relist its shares for over-the-counter trading.