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, ...

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 ...

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, 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) 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 ...

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 ...

Exhibit 99.1 – $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 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 stron ...

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 ...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today introduced Alight LumenAI, the company’s next-generation artificial intelligence (AI) engine. Alight LumenAI bolsters the Alight Worklife platform by merging new and existing AI capabilities into a unified ecosystem to drive innovation and elevate outcomes for both organizations and employees. Alight LumenAI enables a more connected and intelligent experience across ...

LAS VEGAS--(BUSINESS WIRE)--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 ...