JP Morgan initiated coverage on Alight with a new price target
$ALIT
Business Services
Consumer Discretionary
JP Morgan initiated coverage of Alight with a rating of Overweight and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2024 | $8.00 | Overweight → Neutral | JP Morgan |
| 1/5/2024 | $12.00 | Buy | Citigroup |
| 12/6/2023 | $12.00 | Buy | Canaccord Genuity |
| 11/7/2023 | $10.00 | Buy | UBS |
| 6/13/2023 | $12.00 | Buy | Citigroup |
| 12/9/2022 | $13.00 | Outperform | Wedbush |
| 12/6/2022 | $12.00 | Buy | Needham |
| 9/16/2022 | $15.00 | Overweight | KeyBanc Capital Markets |
– Initiates quarterly dividend program – – Revenue of $555 million – – Key wins with Hewlett Packard Enterprise, Nokia and Siemens – – Repurchased $75 million of common stock – – Raises revenue guidance range – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2024. "Alight delivered third quarter results that exceeded our expectations on both revenue and profitability," said CEO Dave Guilmette. "As the market-leading services provider for employee benefits and wellbeing, Alight is uniquely positioned to guide the world's largest and most complex cl
– Announces CEO succession plan – – Continuing operations BPaaS revenue increased 13% – – 97% of 2024 Revenue Under Contract – – Key wins with UPS, Wayfair, American Honda Motor Company & The Adecco Group – – Completed cloud migration program and fully decommissioned data center – – Repurchased $80 million of common stock – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2024. "Alight is entering its next chapter following the accomplishment of several key strategic milestones including its recent divestiture," said CEO Stephan Scholl. "As a simplif
– Continuing operations BPaaS revenue increased 21% – – Cash from operations increased by 39% to $100 million – – $3.1 billion of total company revenue under contract for 2024 – –Announced agreement to sell Payroll and Professional Services business for up to $1.2 billion, on track for closing mid-year 2024 – – Announced promotion of Greg Goff to President and Jeremy Heaton to Chief Financial Officer with Katie Rooney focusing on supporting the closure of the Payroll and Professional Services divestiture – Alight, Inc. (NYSE:ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the first quarter ended March 31,
8-K - Alight, Inc. / Delaware (0001809104) (Filer)
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144 - Alight, Inc. / Delaware (0001809104) (Subject)
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SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)
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SC 13G/A - Alight, Inc. / Delaware (0001809104) (Subject)
JP Morgan downgraded Alight from Overweight to Neutral and set a new price target of $8.00
Citigroup resumed coverage of Alight with a rating of Buy and set a new price target of $12.00
Canaccord Genuity initiated coverage of Alight with a rating of Buy and set a new price target of $12.00
Company and Starboard Enter into Cooperation Agreement Alight, Inc. (NYSE:ALIT) ("Alight" or the "Company"), a leading cloud-based human capital and technology services provider, today announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors (the "Board"), effective immediately. These appointments have been made in connection with a cooperation agreement (the "Agreement") entered into between Alight and Starboard Value LP (together with certain of its affiliates, "Starboard"), an investment firm which owns approximately 7.2% of the Company's outstanding common stock. In addition, as part of an ongoing effort to broaden board comp
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.
Available through the Alight Worklife® platform, Alight Employee Onboarding helps employers create a comprehensive employee experience from pre-hire to onboarding, increasing engagement and first-year retention to unlock value for both employers and employees. Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology services provider, today announced the availability of Alight Employee Onboarding (AEO), a new solution designed to transform the onboarding experience. When onboarding new hires, employers and their HR teams are driven to reduce candidate ghosting, increase offer acceptance, boost new hire engagement and reduce attrition within the first year. Compoundin
Alight (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced the promotion of Rob Sturrus, currently Executive Vice President, Health and Wealth Solutions, as Chief Client Officer. Mr. Sturrus has spent over 25 years with Alight and its predecessors, starting as an analyst and ascending into numerous client-focused leadership roles including oversight of a multi-national portfolio of clients and thousands of colleagues in delivering full benefits administration services. Rob is also very well respected throughout the industry as a solution oriented, client-focused leader with deep domain expertise. "Rob's deep understanding of our cli
— Allison Bassiouni appointed Chief Delivery Officer and Deepika Duggirala appointed Chief Technology Officer — Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced executive leadership changes within its delivery and technology organization as it enters its next chapter following the completion of its multi-year transformation. Allison Bassiouni, currently Executive Vice President, Customer Experience and Delivery, will be promoted to Chief Delivery Officer and Deepika Duggirala, currently Executive Vice President, Technology, will be promoted to Chief Technology Officer, in each case effective January 1, 2025. As part of
- Alight's 2024 annual enrollment analysis shows nearly 96% of employees enrolled in benefits through digital channels, with mobile app usage increasing by 69% compared to the 2023 annual enrollment period - Alight's 2024 annual enrollment analysis underscores the value of employer-backed benefits and the need for tailored strategies to support a diverse workforce Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today released insights gathered from an analysis of over 10 million individuals who used the Alight Worklife® platform during its recently concluded annual healthcare open enrollment period. This analysis revealed signifi