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Alight, Inc. - ALIT STOCK NEWS

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

Alight, Inc. (NYSE: ALIT) is a leading cloud-based provider of integrated digital human capital and business solutions. Alight leverages its proprietary AI and data analytics to optimize Business Process as a Service (BPaaS), delivering superior outcomes for employees and employers across a comprehensive portfolio of services. With a staunch belief that a company's success starts with its people, Alight helps organizations of all sizes enrich employee health, wealth, and work while fostering a high-performance culture.

Alight's innovative solutions include benefits administration, healthcare navigation, payroll processing, and HR management, all unified under the Alight Worklife® platform. This platform combines data-driven insights with a seamless user experience, enabling 36 million people and dependents to make confident health, wealth, and wellbeing decisions.

In 2023, Alight reported notable financial achievements, including robust BPaaS bookings of $261 million in Q4, annual cash from operations increasing by $100 million to $386 million, and surpassing its adjusted EPS guidance range. For 2024, Alight has $3 billion of revenue under contract, underscoring its strong market position.

Alight continues to innovate and expand its offerings. Recent highlights include the integration of SAP S/4HANA Cloud into its payroll services, new enhancements to its LeavePro absence management software, and strategic partnerships. The company’s focus on delivering personalized, data-driven solutions helps employers optimize costs, improve employee engagement, and achieve better outcomes.

Headquartered in Lincolnshire, Illinois, Alight employs over 15,000 dedicated colleagues who serve more than 30 million employees and family members. The company prides itself on its commitment to sustainability, diversity, and ethical business practices, as demonstrated in its 2024 Global Impact Report.

For more information, visit Alight's website.

News

Alight named a Leader in Everest Group’s Global Multi-Country Payroll (MCP) Solutions PEAK Matrix® 2023

Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) has been named a Leader in Everest Group’s Global Multi-Country Payroll (MCP) Solutions PEAK Matrix® 2023. The company's Global Payroll solution offers an in-country payroll platform that spans over 180+ countries and 25 languages, harmonizing payroll into a single, automated solution. Alight's automation and AI capabilities, strategic partnerships with Workday, SAP SuccessFactors, Oracle, and Kronos, as well as its Alight Worklife platform are recognized as key differentiators.
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Alight and CirrusMD team up to deliver physician-led virtual primary care on Alight Worklife®

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Alight, Inc. (NYSE: ALIT) partners with CirrusMD to offer physician-first virtual care solution on the Alight Worklife platform, aiming to optimize healthcare benefits and clinical workflows, and break down barriers to virtual care.
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Alight Names Siobhan Nolan Mangini to Board of Directors

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Alight, Inc. (NYSE: ALIT) has named Siobhan Nolan Mangini to its Board of Directors, effective January 1, 2024. Ms. Nolan Mangini brings over two decades of healthcare experience, most recently serving as President and CFO of NGM Biopharmaceuticals, Inc. She holds an MBA from Stanford University and an MPA from Harvard Kennedy School. With her extensive background in healthcare, technology, and finance, she is expected to bring significant depth to Alight's Board of Directors as the company nears the end of its successful transformation phase.
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Healthcare Open Enrollment Trends Point to Integration of AI Tools and Increased Digital Engagement

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Alight, Inc. (NYSE: ALIT) released findings from its annual healthcare fall open enrollment period, highlighting trends such as increased digital engagement, AI-supported enrollment, steady health plan enrollment, and growing voluntary benefit offerings. Over 9 million users were successfully enrolled through Alight Worklife ® platform, with 95% using digital platforms for enrollment and 95% of employers offering AI tools like Ask Lisa, an AI-powered virtual assistant, to guide employees through the process.
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Alight named a Leader in Everest Group’s Multi-Process HRO (MPHRO) Services 2023 PEAK Matrix® Assessment

Rhea-AI Summary
Alight, Inc. (NYSE: ALIT) has received a Leader designation in Everest Group’s Multi-Process Human Resources Outsourcing (MPHRO) Services PEAK Matrix® Assessment 2023 for the sixth consecutive year. The designation is based on the company’s market impact, vision, and capabilities. Alight's comprehensive approach to delivering an exceptional employee experience through the Alight Worklife® platform, its strategic partnerships, and expansion into international markets have contributed to its recognition as a Leader in the industry.
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Alight to Present at Upcoming Investor Conferences

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Alight (NYSE: ALIT) announces participation in J.P. Morgan Ultimate Services Investor Conference and D.A. Davidson Technology Summit. CEO Stephan Scholl and CFO Jeremy Heaton to attend J.P. Morgan event, while CTO Greg Goff will attend D.A. Davidson event. Presentations will be available via live webcast.
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Alight Reports Third Quarter Results

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Alight, Inc. reported Q3 2023 results with total revenue growth of over 8% and nearly 9% Employer Solutions revenue growth. They achieved robust BPaaS bookings of $262 million, representing a growth of 26%. The company also raised its 2023 adjusted EPS guidance range. Over 95% of revenue is already under contract for 2023.
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Alight to Release Third Quarter 2023 Results

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Alight (NYSE: ALIT) to release Q3 2023 earnings results on November 1, 2023
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Alight introduces Alight Employee Onboarding to enhance the new hire experience

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Alight, Inc. announces the availability of Alight Employee Onboarding (AEO), a new solution designed to transform the onboarding experience.
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Alight and Socially Determined Sign a Multi-year Agreement to Transform Employee Wellbeing Through Comprehensive Social Risk Data and Analytics

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Alight and Socially Determined announce a partnership to reshape employee wellbeing, providing exclusive access to social determinants of health (SDOH) data. This collaboration enhances Alight's ability to offer personalized employee support through the Alight Worklife platform. Socially Determined's data will help Alight's clients improve wellbeing outcomes, drive awareness and engagement of benefit programs, inform wellbeing strategies, and mitigate healthcare costs. The partnership aims to improve engagement and outcomes for employees.
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FAQ

What is the current stock price of Alight (ALIT)?

The current stock price of Alight (ALIT) is $6.86 as of December 20, 2024.

What is the market cap of Alight (ALIT)?

The market cap of Alight (ALIT) is approximately 3.6B.

What services does Alight, Inc. provide?

Alight offers integrated digital human capital and business solutions, including benefits administration, healthcare navigation, payroll processing, and HR management.

What is Alight Worklife®?

Alight Worklife® is Alight's proprietary platform that combines data and analytics to deliver a seamless user experience, supporting employees in making confident health, wealth, and wellbeing decisions.

How many people does Alight serve?

Alight serves 36 million people and dependents through its comprehensive suite of human capital solutions.

What recent financial achievements has Alight reported?

In 2023, Alight reported $261 million in BPaaS bookings for Q4, a $100 million increase in annual cash from operations to $386 million, and $3 billion of revenue under contract for 2024.

What is Alight's approach to sustainability and governance?

Alight is committed to sustainable business practices, diversity, and ethical governance, as highlighted in its 2024 Global Impact Report.

Where is Alight, Inc. headquartered?

Alight is headquartered in Lincolnshire, Illinois.

How many employees does Alight have?

Alight employs over 15,000 dedicated colleagues.

What are some recent innovations by Alight?

Recent innovations include the integration of SAP S/4HANA Cloud into payroll services, enhancements to LeavePro absence management software, and strategic partnerships.

What is BPaaS in the context of Alight's services?

BPaaS stands for Business Process as a Service, which Alight optimizes using AI and data analytics to deliver superior outcomes for employees and employers.

How can Alight's solutions benefit employers?

Alight's solutions help employers optimize costs, improve employee engagement, and achieve better outcomes through personalized, data-driven services.

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Alight, Inc.

NYSE:ALIT

ALIT Rankings

#1518 Ranked by Market Cap
#2213 Ranked by Dividends

ALIT Stock Data

3.58B
506.74M
4.49%
109.39%
6.27%
Software - Application
Services-business Services, Nec
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United States of America
LINCOLNSHIRE