Alight, Inc. Is Preparing To Ignite A New Spark After Spin-Out Deal [Seeking Alpha]
Alight, Inc. Class A (ALIT)
Company Research
Source: Seeking Alpha
Capital, which will strengthen its revenue margins and visibility in the labor employment market. Alight's main revenue sources are employer solutions and professional/payroll services, with employer solutions accounting for 87% of gross profit in Q4 2023. The deal with HIG Capital is expected to be finalized in H2 2024, and Alight plans to use the proceeds for debt repayment, reinvestment, and share buybacks. Cloud-based human resource technology firm, Alight, Inc. ( NYSE: ALIT announced the sale of its “professional services and payroll outsourcing business” segment for $1.2 billion to “an affiliate of private equity company, HIG Capital.” The stock has risen just 5.33% (YTD) and 32.11% in the last 6
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ALIT
News
- Earnings Preview: Soho House & Co (SHCO) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Alight to Announce First Quarter 2024 ResultsBusiness Wire
- Why Alight (ALIT) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- Alight, Inc. (NYSE: ALIT) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.MarketBeat
- Is Alight (ALIT) Stock Outpacing Its Computer and Technology Peers This Year? [Yahoo! Finance]Yahoo! Finance
ALIT
Earnings
- 2/21/24 - Miss
ALIT
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/11/24 - Form 4/A
- 4/10/24 - Form 4
- ALIT's page on the SEC website