Alight (ALIT) Projected to Release Earnings on Tuesday

Alight (NYSE:ALIT) is anticipated to post its results after the market closes on Tuesday, August 4th. Analysts expect Alight to announce earnings of $0.75 per share and revenue of $497.0980 million for the quarter.

Alight Stock Up 4.5%

NYSE:ALIT opened at $19.72 on Tuesday. The firm has a market capitalization of $526.99 million, a PE ratio of -0.17, a price-to-earnings-growth ratio of 0.40 and a beta of 1.66. Alight has a 52 week low of $9.58 and a 52 week high of $116.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.92. The stock has a 50 day moving average of $15.84 and a 200-day moving average of $18.53.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALIT. Wall Street Zen raised Alight from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings cut shares of Alight from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 7th. Finally, DA Davidson lifted their price target on Alight from $2.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.57.

Institutional Trading of Alight

A number of institutional investors have recently added to or reduced their stakes in ALIT. EverSource Wealth Advisors LLC raised its holdings in shares of Alight by 152.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock valued at $29,000 after purchasing an additional 3,138 shares in the last quarter. Strs Ohio bought a new position in Alight during the first quarter valued at about $25,000. Royal Bank of Canada raised its holdings in Alight by 3.6% during the first quarter. Royal Bank of Canada now owns 159,901 shares of the company’s stock valued at $948,000 after buying an additional 5,525 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Alight by 1.6% during the third quarter. Alliancebernstein L.P. now owns 438,918 shares of the company’s stock valued at $1,431,000 after buying an additional 7,088 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC lifted its position in shares of Alight by 21.7% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 50,896 shares of the company’s stock worth $288,000 after buying an additional 9,070 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Alight Company Profile

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.