Alight (NYSE:ALIT) Shares Up 12.6% – Should You Buy?

Shares of Alight, Inc. (NYSE:ALIT) shot up 12.6% during mid-day trading on Tuesday . The company traded as high as $18.79 and last traded at $18.82. Approximately 511,386 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 1,420,468 shares. The stock had previously closed at $16.71.

Alight News Summary

Here are the key news stories impacting Alight this week:

• Positive Sentiment: KeyCorp raised its estimates for multiple future periods, including FY2027 EPS to $5.04 from $5.00, Q4 2027 EPS to $1.84 from $1.80, Q3 2027 EPS to $1.27 from $1.20, Q2 2027 EPS to $1.07 from $1.00, and Q1 2027 EPS to $0.87 from $0.80, signaling a more optimistic outlook for Alight’s longer-term profitability. Article Title
• Positive Sentiment: KeyCorp also lifted its Q4 2026 and Q3 2026 estimates to $1.64 and $0.87 per share, respectively, suggesting expectations for better near-term execution. Article Title
• Neutral Sentiment: The one downward revision was for FY2026 EPS, which KeyCorp trimmed to $4.12 from $4.20, and Q2 2026 EPS, which was cut to $0.52 from $0.60; however, those reductions were offset by upgrades to later periods. Article Title
• Positive Sentiment: Alight and BNY also announced an integrated retirement plan solution, a product and services expansion that could support future revenue growth and client retention. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ALIT shares. DA Davidson upped their price objective on Alight from $2.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Alight from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings downgraded Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.57.

Alight Price Performance

The company has a market cap of $518.94 million, a P/E ratio of -0.16, a PEG ratio of 0.30 and a beta of 1.66. The firm’s 50-day moving average is $14.88 and its two-hundred day moving average is $20.24. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Trading of Alight

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Alight by 152.1% in the second quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock worth $29,000 after acquiring an additional 3,138 shares in the last quarter. Strs Ohio bought a new stake in shares of Alight in the 1st quarter valued at approximately $25,000. Royal Bank of Canada lifted its stake in shares of Alight by 3.6% in the 1st quarter. Royal Bank of Canada now owns 159,901 shares of the company’s stock valued at $948,000 after purchasing an additional 5,525 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Alight by 34.5% in the 4th quarter. HB Wealth Management LLC now owns 26,605 shares of the company’s stock worth $52,000 after purchasing an additional 6,817 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Alight by 1.6% in the 3rd quarter. Alliancebernstein L.P. now owns 438,918 shares of the company’s stock worth $1,431,000 after purchasing an additional 7,088 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

About Alight

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.