13,405 Shares in Alight, Inc. (NYSE:ALIT) Acquired by Winslow Asset Management Inc.

Winslow Asset Management Inc. purchased a new stake in shares of Alight, Inc. (NYSE:ALIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,405 shares of the company’s stock, valued at approximately $93,000.

Several other institutional investors and hedge funds have also modified their holdings of ALIT. State Street Corp boosted its holdings in Alight by 1.2% in the third quarter. State Street Corp now owns 11,905,766 shares of the company’s stock worth $88,103,000 after purchasing an additional 141,828 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Alight by 38.3% in the third quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock worth $86,185,000 after purchasing an additional 3,223,617 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Alight by 0.8% in the third quarter. Geode Capital Management LLC now owns 10,068,446 shares of the company’s stock worth $74,521,000 after purchasing an additional 77,948 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Alight by 2.9% in the third quarter. River Road Asset Management LLC now owns 9,988,254 shares of the company’s stock worth $73,913,000 after purchasing an additional 286,133 shares in the last quarter. Finally, Kinney Asset Management LLC boosted its holdings in Alight by 4.0% in the fourth quarter. Kinney Asset Management LLC now owns 6,497,546 shares of the company’s stock worth $44,963,000 after purchasing an additional 250,000 shares in the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALIT has been the subject of a number of recent research reports. Canaccord Genuity Group upped their price objective on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. KeyCorp upped their price objective on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of Alight in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Alight currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.61.

Alight Stock Up 0.9 %

Shares of ALIT opened at $6.83 on Monday. The company has a 50-day simple moving average of $6.80 and a 200-day simple moving average of $7.15. The firm has a market capitalization of $3.71 billion, a P/E ratio of -22.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Alight, Inc. has a 52 week low of $6.15 and a 52 week high of $10.38.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The company had revenue of $680.00 million for the quarter, compared to analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, equities research analysts expect that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 2.34%. Alight’s payout ratio is currently -53.33%.

Alight Company Profile

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.