10 Best Low Priced Stocks to Invest in Now

3. Alight, Inc. (NYSE:ALIT)

Number of Hedge Fund Investors: 40

Stock Price as of December 24: $6.84

Alight, Inc. (NYSE:ALIT) is a global cloud-based human capital and business solutions provider, helping companies manage their workforce, benefits, and payroll processes. The company’s client base includes Fortune 500 companies, mid-sized enterprises, and public sector organizations. Alight, Inc.’s (NYSE:ALIT) services encompass a wide range of solutions, including health care administration, wealth management, and employee assistance programs, designed to support the day-to-day needs of large enterprises and their employees.

Alight, Inc. (NYSE:ALIT) is working on continuous improvement and modernization of its Alight Worklife platform. This has resulted in a more streamlined, agile, and efficient operating model that is better equipped to meet the evolving needs of clients. The platform has been integrated with various solutions to create a differentiated value proposition, making the company a leader in the employee benefits and well-being services market. The company is committed to further enhancing the user experience by leveraging technology to drive greater efficiency and client satisfaction.

Alight, Inc. (NYSE:ALIT) is placing a strong emphasis on growing its Alight Worklife platform through Annual Recurring Revenue (ARR) services and long-term contracts with high retention. The company has seen significant momentum in this area, with key wins in Q3, with Hewlett Packard Enterprise, Nokia, and Siemens. The company expects double-digit ARR bookings growth and a 60% increase in the pipeline. This momentum is driven by the company’s focus on better field coverage, larger deal sizes, and improved win rates.

Furthermore, Alight, Inc. (NYSE:ALIT) is actively deepening its relationships with clients, brokers, and third-party evaluators. This includes a comprehensive listening tour, where the company engages with clients, their advisers, and the investor community to better understand their needs and expectations.