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Alight Inc. - ALIT STOCK NEWS

Welcome to our dedicated news page for Alight (Ticker: ALIT), a resource for investors and traders seeking the latest updates and insights on Alight.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alight's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alight's position in the market.

News
Fortune Media and Great Place to Work Recognize Alight as a ‘100 Best Companies to Work For’ in 2024
Rhea-AI Summary
Alight, Inc. (ALIT) has been honored as one of the Fortune 100 Best Companies to Work For® in 2024 by Great Place To Work® and Fortune magazine, ranking 74th. The recognition highlights Alight's commitment to employee satisfaction and wellbeing, supported by rigorous analytics and employee feedback. Alight's focus on employee wellbeing aligns with the evolving workplace culture, emphasizing the importance of wellbeing programs. Being on this list indicates strong company performance and a positive working environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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News
Alight’s Latest Release of Alight Worklife® to Unlock Value for Organizations and Their People
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) announces the first major release of Alight Worklife for 2024, featuring AI-driven workforce support, benefits management, and financial and wellbeing features to enhance the employee experience and boost ROI for employers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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none
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News
H.I.G. Capital Signs Definitive Agreement to Acquire Alight’s Payroll and Professional Services Business
Rhea-AI Summary
H.I.G. Capital's affiliate is set to acquire Alight, Inc.'s Payroll and Professional Services Business for up to $1.2 billion. The Company offers technology-enabled payroll, human capital management, and professional services to over 1,500 multinational clients worldwide. The acquisition aims to create a global leader in payroll and professional services, leveraging strong partnerships with leading cloud technology providers like Workday and SAP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.03%
Tags
acquisition
News
Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Rhea-AI Summary
Alight, Inc. (ALIT) announces the sale of its Professional Services segment and Payroll & HCM Outsourcing businesses for up to $1.2 billion to H.I.G. Capital. This strategic move aims to focus on employee wellbeing and benefits, increase recurring revenue, improve margin profile, and enhance client outcomes. The transaction includes a commercial partnership to drive value for clients. Alight raises its mid-term adjusted EBITDA margin guidance to 28% and plans to reduce net leverage ratio. The Company also increases its stock repurchase program by $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.03%
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none
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News
Alight Announces New Integration of Leaves With Other Benefits
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) introduces advanced configurable intake and automation features in its LeavePro absence management software, enhancing the employee experience and promoting comprehensive wellbeing. The integration of leaves and benefits aims to streamline claim intakes and reduce follow-up calls, with 45% of clients already using the SmartSTART tool. Straight Through Processing (STP) further improves processing speed and accuracy, enabling immediate approval for routine claims without medical paperwork. These enhancements aim to connect employee needs seamlessly and elevate the overall employee experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
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none
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News
Alight Expands Partnership With SAP, Advancing Payroll Systems With Move From On-premise to the Cloud
Rhea-AI Summary
Alight (NYSE: ALIT) partners with SAP to offer cloud-based payroll services using SAP S/4HANA Cloud. The collaboration aims to enhance payroll efficiency, security, and scalability for organizations globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
partnership
News
Alight to Present at Upcoming Investor Conferences
Rhea-AI Summary
Alight (NYSE: ALIT) announced that its Operating CFO will attend KeyBanc Emerging Technology Summit and Bank of America Conference in March 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
conferences
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News
Alight Confirms Receipt of Director Nominations from Starboard Value
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) responds to Starboard Value's nomination of directors for election at the 2024 Annual Meeting of Stockholders. The Company emphasizes its commitment to shareholder value, ongoing strategic initiatives, and Board composition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.09%
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none
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News
Alight Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) reported strong 2023 results with robust quarterly BPaaS bookings of $261 million, annual cash from operations up by $100 million to $386 million, and exceeding adjusted EPS guidance. The company has $3 billion revenue under contract for 2024 and initiated a strategic portfolio review to accelerate platform and wellbeing strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
Tags
earnings
News
Alight study reveals half of companies committed payroll errors during the last five years
Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) released its 2024 Company Payroll Complexity Report highlighting payroll penalties for non-compliance. The report shows 53% of companies faced penalties in the last five years, with many still using spreadsheets and outdated processes. Despite media focus on AI, only 8% plan to integrate AI in the next two years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Stock ALIT logo
Alight Inc.

NYSE:ALIT

ALIT Rankings

#1191 Ranked by Market Cap
#3396 Ranked by Stock Gains
N/A Ranked by Dividends

ALIT Stock Data

5.06B
366.12M
4.52%
93.99%
3.82%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Lincolnshire

About ALIT

with an unwavering belief that a company’s success starts with its people, alight solutions is a leading cloud-based provider of integrated digital human capital and business solutions. leveraging proprietary ai and data analytics, alight optimizes business process as a service (bpaas) to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. alight’s 15,000 dedicated colleagues serve more than 30 million employees and family members. learn how alight helps organizations of all sizes, including over 70% of the fortune 100 at alight.com.