JPMorgan Chase & Co. initiated coverage on shares of Alight (NYSE:ALIT – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on Alight (ALIT)
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