Fintel reports that on November 7, 2023, UBS initiated coverage of Alight Inc. - (NYSE:ALIT) with a Buy recommendation.
Analyst Price Forecast Suggests 80.45% Upside
As of November 1, 2023, the average one-year price target for Alight Inc. - is 12.92. The forecasts range from a low of 12.12 to a high of $14.70. The average price target represents an increase of 80.45% from its latest reported closing price of 7.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alight Inc. - is 3,442MM, an increase of 1.47%. The projected annual non-GAAP EPS is 0.70.
What is the Fund Sentiment?
There are 422 funds or institutions reporting positions in Alight Inc. -. This is an increase of 20 owner(s) or 4.98% in the last quarter. Average portfolio weight of all funds dedicated to ALIT is 0.54%, a decrease of 2.10%. Total shares owned by institutions increased in the last three months by 0.98% to 484,364K shares. 
The put/call ratio of ALIT is 0.28, indicating a bullish outlook.
What are Other Shareholders Doing?
Cannae Holdings holds 52,477K shares representing 9.49% ownership of the company. No change in the last quarter.
Fpr Partners holds 33,084K shares representing 5.98% ownership of the company. No change in the last quarter.
Blackstone Group holds 31,272K shares representing 5.66% ownership of the company. No change in the last quarter.
ArrowMark Colorado Holdings holds 27,767K shares representing 5.02% ownership of the company. In it's prior filing, the firm reported owning 23,580K shares, representing an increase of 15.08%. The firm increased its portfolio allocation in ALIT by 14.10% over the last quarter.
Janus Henderson Group holds 18,588K shares representing 3.36% ownership of the company. In it's prior filing, the firm reported owning 17,459K shares, representing an increase of 6.07%. The firm decreased its portfolio allocation in ALIT by 0.53% over the last quarter.
Alight Background Information
(This description is provided by the company.)
With an unwavering belief that a company's success starts with its people, Alight 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.
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This story originally appeared on Fintel.
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