5 Best Staffing Company Stocks To Buy Now

4. TriNet Group, Inc. (NYSE:TNET)

Number of Hedge Fund Holders: 23

TriNet Group, Inc. (NYSE:TNET) is a leading provider of comprehensive human resources solutions for small to midsize businesses (SMBs). The company provides benefits, payroll, and HR solutions that are designed to meet the unique needs of SMBs. The company has a strong track record of growth and profitability and is one of the best staffing stocks to buy now. TriNet Group, Inc. (NYSE:TNET) is undervalued and, as of October 26, has a trailing twelve-month PE ratio of 12.86.

On October 25, TriNet Group, Inc. (NYSE:TNET) announced market-beating earnings for the third quarter of fiscal 2023. The company reported earnings per share of $1.64 and outperformed consensus by $0.62. The company’s revenue for the quarter amounted to $369 million, up 24.24% year over year, and came in ahead of expectations by $66.48 million.

This October, Credit Suisse analyst Kevin McVeigh revised his price target on TriNet Group, Inc. (NYSE:TNET) to $85 from $90 and maintained a Neutral rating on the shares. On October 26, Cowen analyst Jared Levine adjusted his price target on TriNet Group, Inc. (NYSE:TNET) to $70 from $75 and reiterated a Market Perform rating on the shares.

At the end of Q2 2022, 23 hedge funds were bullish on TriNet Group, Inc. (NYSE:TNET) and held stakes worth $464.8 million in the company. As of June 30, Cantillon Capital Management is the top shareholder in TriNet Group, Inc. (NYSE:TNET) and has a stake worth $277.5 million in the company.