Banco BTG Pactual S.A. Has $628,000 Stock Holdings in Alight, Inc. (NYSE:ALIT)

Banco BTG Pactual S.A. increased its holdings in shares of Alight, Inc. (NYSE:ALIT) by 126.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,022 shares of the company’s stock after buying an additional 51,879 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Alight were worth $628,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Alight by 107.6% in the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock valued at $25,000 after purchasing an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Alight by 65.5% during the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock worth $37,000 after buying an additional 1,996 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Alight during the fourth quarter worth $50,000. Soros Fund Management LLC bought a new position in shares of Alight in the 3rd quarter valued at $89,000. Finally, FMR LLC boosted its stake in shares of Alight by 44.4% during the third quarter. FMR LLC now owns 11,995 shares of the company’s stock valued at $89,000 after purchasing an additional 3,689 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on ALIT shares. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Alight in a research report on Monday. Wedbush reissued an “outperform” rating and set a $11.00 target price on shares of Alight in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

Insiders Place Their Bets

In related news, Director Richard N. Massey acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the purchase, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Schriesheim bought 22,092 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $6.79 per share, with a total value of $150,004.68. Following the purchase, the director now owns 22,092 shares in the company, valued at $150,004.68. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 125,092 shares of company stock worth $807,755 over the last quarter. 5.33% of the stock is currently owned by company insiders.

Alight Stock Down 0.6 %

Shares of NYSE ALIT opened at $6.19 on Wednesday. The company’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $7.03. Alight, Inc. has a 12-month low of $5.87 and a 12-month high of $10.04. The firm has a market cap of $3.36 billion, a PE ratio of -20.63 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Alight (NYSE:ALIT) last posted its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. As a group, sell-side analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Monday, March 3rd. Alight’s dividend payout ratio is currently -53.33%.

About Alight

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.