Alight, Inc. (NYSE:ALIT - Get Free Report) Director Robert A. Schriesheim acquired 22,092 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the transaction, the director now owns 22,092 shares of the company's stock, valued at $150,004.68. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alight Trading Down 4.3 %
NYSE:ALIT opened at $6.30 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $6.78 and a 200-day simple moving average of $7.14. Alight, Inc. has a 12 month low of $6.15 and a 12 month high of $10.38. The company has a market capitalization of $3.42 billion, a P/E ratio of -20.99 and a beta of 0.94.
Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The firm had revenue of $680.00 million for the quarter, compared to analysts' expectations of $675.66 million. On average, equities research analysts anticipate that Alight, Inc. will post 0.54 earnings per share for the current year.
Alight Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Monday, March 3rd. Alight's dividend payout ratio is presently -53.33%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Alight from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Canaccord Genuity Group raised their target price on shares of Alight from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 price target on shares of Alight in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.61.
View Our Latest Report on ALIT
Institutional Trading of Alight
Institutional investors and hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in shares of Alight during the fourth quarter worth $893,000. Public Employees Retirement System of Ohio grew its position in Alight by 40.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company's stock worth $49,000 after purchasing an additional 2,059 shares during the period. Alpine Global Management LLC raised its stake in shares of Alight by 16.7% during the 4th quarter. Alpine Global Management LLC now owns 175,000 shares of the company's stock valued at $1,211,000 after buying an additional 25,000 shares during the last quarter. CSS LLC IL lifted its holdings in shares of Alight by 7.9% in the 4th quarter. CSS LLC IL now owns 230,874 shares of the company's stock valued at $1,598,000 after buying an additional 16,887 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alight by 25.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 960,332 shares of the company's stock worth $6,645,000 after buying an additional 193,117 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.
About Alight
(
Get Free Report)
Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.
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