Alight (NYSE:ALIT) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Alight (NYSE:ALITGet Rating) in a research report sent to investors on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $10.00 price objective on the stock.

Several other research firms have also issued reports on ALIT. Credit Suisse Group dropped their price target on shares of Alight to $10.00 in a research report on Monday, July 4th. DA Davidson dropped their price target on shares of Alight to $12.00 in a research report on Friday, July 22nd.

Alight Stock Up 2.4 %

NYSE ALIT opened at $8.02 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day simple moving average of $7.46 and a 200 day simple moving average of $8.65. Alight has a twelve month low of $6.31 and a twelve month high of $13.34. The stock has a market cap of $4.51 billion, a PE ratio of 16.86 and a beta of 0.66.

Alight (NYSE:ALITGet Rating) last released its earnings results on Monday, May 9th. The company reported $0.12 earnings per share for the quarter. Alight had a net margin of 0.17% and a return on equity of 5.49%. The business had revenue of $725.00 million during the quarter. On average, research analysts forecast that Alight will post 0.56 EPS for the current year.

Institutional Trading of Alight

Several hedge funds have recently modified their holdings of ALIT. Raymond James Trust N.A. increased its holdings in shares of Alight by 15.1% during the fourth quarter. Raymond James Trust N.A. now owns 12,946 shares of the company’s stock worth $140,000 after buying an additional 1,694 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Alight by 23.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 42,098 shares of the company’s stock worth $455,000 after buying an additional 7,875 shares in the last quarter. Horrell Capital Management Inc. acquired a new stake in shares of Alight during the fourth quarter worth approximately $128,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Alight during the fourth quarter worth approximately $134,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Alight during the fourth quarter worth approximately $560,000. Institutional investors and hedge funds own 66.88% of the company’s stock.

About Alight

(Get Rating)

Alight, Inc operates as a cloud-based provider of integrated digital human capital and business solutions worldwide. It operates through three segments: Employer Solutions, Professional Services, and Hosted Business. The company's solutions enable employees to enrich their health, wealth, and wellbeing, which helps organizations achieve a high-performance culture.

See Also

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.