AlightNYSE: ALIT

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Barclays Bank PLC to repurchase $75 million of Alight's common stock, as part of the Company's existing share repurchase program which had remaining authority of $168 million as of June 14, 2024. Under the terms of the ASR, Alight will make an initial paymen.

Alight (ALIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Alight (ALIT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Investors interested in Internet - Software stocks are likely familiar with Alight, Inc. (ALIT) and F5 Networks (FFIV). But which of these two stocks is more attractive to value investors?

Investors need to pay close attention to Alight (ALIT) stock based on the movements in the options market lately.

Alight has a strong track record of exceeding earnings expectations and is currently positioned with the optimal elements for a potential beat in its upcoming quarterly report.

Alight, Inc. has divested its professional services and payroll outsourcing division to HIG Capital for $1.2 billion, aiming to enhance its revenue margins and presence in the labor employment sector. Employer solutions and professional/payroll services are Alight's primary revenue streams, with employer solutions contributing 87% of gross profit in Q4 2023. The transaction with HIG Capital is set to be completed in the second half of 2024, and Alight intends to utilize the proceeds for debt reduction, reinvestment, and repurchasing shares.

Investors interested in Internet - Software stocks may have come across Alight, Inc. (ALIT) and Paycor HCM, Inc. (PYCR). However, which of these companies is the top choice for those seeking undervalued stocks?

Identifying lucrative investment opportunities is essential for investors seeking high returns. Three stocks have emerged as promising options, each offering unique opportunities for substantial profits.