Shares of Alight, Inc. (NYSE:ALIT – Get Free Report) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $62.5714.
Several analysts recently commented on ALIT shares. Weiss Ratings downgraded shares of Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of Alight in a research note on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Alight from a “sell” rating to a “hold” rating in a report on Saturday, April 25th.
Check Out Our Latest Stock Analysis on Alight
Alight Price Performance
Institutional Trading of Alight
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Alight by 3.6% in the first quarter. Royal Bank of Canada now owns 159,901 shares of the company’s stock worth $948,000 after purchasing an additional 5,525 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Alight during the first quarter valued at $434,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Alight by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 249,753 shares of the company’s stock worth $1,481,000 after buying an additional 10,893 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Alight by 1,776.2% in the 1st quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock worth $67,000 after buying an additional 10,657 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Alight by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,027,103 shares of the company’s stock worth $6,091,000 after buying an additional 66,771 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Alight
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Alight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alight and related companies with MarketBeat.com's FREE daily email newsletter.
