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ALIT or FFIV: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-02-28 17:41
Investors looking for stocks in the Internet - Software sector might want to consider either Alight, Inc. (ALIT) or F5 Networks (FFIV) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while o ...
Alight(ALIT) - 2023 Q4 - Annual Report
2024-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39299 Alight, Inc. (Exact name of Registrant as specified in its Charter) Delaware 86-1849232 (State or other jurisdiction of (I.R.S. ...
Does Alight, Inc. (ALIT) Have the Potential to Rally 30.92% as Wall Street Analysts Expect?
Zacks Investment Research· 2024-02-28 15:56
Alight, Inc. (ALIT) closed the last trading session at $9.25, gaining 2.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $12.11 indicates a 30.9% upside potential.The average comprises nine short-term price targets ranging from a low of $11 to a high of $14, with a standard deviation of $0.93. While the lowest estimate indicates an increase of 18.9% from the current price level, ...
Starboard nominates directors to Alight's board. A plan to improve margins could be on the horizon
CNBC· 2024-02-24 12:17
Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has taken a total of 149 activist campaigns in its history and has an average return of 25.58% versus 13.25% for the S&P 500 over the same period. Starboard also has a successful track record in the information technology sector. In 52 prior engagements, the firm has a return of 38.79% versus 16.56% for the S&P 500 over the sam ...
Alight Confirms Receipt of Director Nominations from Starboard Value
Businesswire· 2024-02-22 11:00
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT) (“Alight” or the “Company”), a leading cloud-based human capital and technology services provider, today issued the following statement regarding Starboard Value’s (“Starboard”) nomination of directors for election to the Alight Board of Directors (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”): The Board and the Company’s management maintain an active dialogue with all types of investors and value thei ...
Alight(ALIT) - 2023 Q4 - Earnings Call Transcript
2024-02-21 20:42
Alight, Inc. (NYSE:ALIT) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Stephan Scholl - Chef Executive Officer Katie Rooney - Global CFO, COO Jeremy Heaton - Operating CFO Jeremy Cohen - Head of Investor Relations Conference Call Participants Scott Schoenhaus - KeyBanc Capital Markets Peter Heckmann - DA Davidson Kevin McVeigh - UBS Kyle Peterson - Needham and Company Tien-tsin Huang - J.P. Morgan Pete Christiansen - Citi Heather Balsky - Bank of America Joseph Vafi - Ca ...
Alight, Inc. (ALIT) Q4 Earnings Surpass Estimates
Zacks Investment Research· 2024-02-21 14:56
Alight, Inc. (ALIT) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.14, delivering a surprise of 7.69%.Over the last four quarters, the company has sur ...
Alight Reports Fourth Quarter and Full Year 2023 Results
Businesswire· 2024-02-21 12:40
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023. “Our three-year transformation has generated significant momentum and enabled Alight to deliver strong 2023 results,” said Chief Executive Officer Stephan Scholl. “Our 2023 highlights include strong demand for our solutions with BPaaS revenue growth of 34%, gross margi ...
Alight(ALIT) - 2023 Q4 - Annual Results
2024-02-20 16:00
Exhibit 99.1 Alight Reports Fourth Quarter and Full Year 2023 Results – Generated robust quarterly BPaaS bookings of $261 million – – Annual cash from operations increased by $100 million to $386 million – – Exceeded 2023 adjusted EPS guidance range – – $3 billion of revenue under contract for 2024 – –Board of Directors authorizes strategic portfolio review to accelerate platform and wellbeing strategy – LINCOLNSHIRE, IL – February 21, 2024 – Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of inte ...
Alight study reveals half of companies committed payroll errors during the last five years
Businesswire· 2024-02-19 13:30
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today released the findings of its 2024 Company Payroll Complexity Report, which revealed that over half (53%) of surveyed companies have incurred payroll penalties in the last five years for non-compliance. Building on the data from the 2023 Alight Global Payroll Complexity Index, this new report surveyed nearly 300 payroll professionals and stakeholders to understand key ...