Robert Jr. Lopes Purchases 10,000 Shares of Alight (NYSE:ALIT) Stock

Alight, Inc. (NYSE:ALIT) Director Robert Jr. Lopes acquired 10,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $2.39 per share, for a total transaction of $23,900.00. Following the completion of the purchase, the director directly owned 80,168 shares in the company, valued at $191,601.52. The trade was a 14.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Alight Trading Down 5.3%

Shares of NYSE:ALIT opened at $2.24 on Wednesday. Alight, Inc. has a 52-week low of $1.89 and a 52-week high of $8.00. The company has a market capitalization of $1.19 billion, a P/E ratio of -0.55 and a beta of 1.09. The company has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $4.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.21.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $539.43 million. Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.Alight’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. Sell-side analysts forecast 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, December 15th. Investors of record on Monday, December 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Monday, December 1st. Alight’s dividend payout ratio is -3.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $6.00 price objective on shares of Alight in a research report on Tuesday, November 25th. Wedbush dropped their price objective on shares of Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Needham & Company LLC lowered their price target on shares of Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alight has a consensus rating of “Moderate Buy” and a consensus price target of $5.25.

Hedge Funds Weigh In On Alight

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in Alight during the first quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Alight by 152.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock worth $29,000 after purchasing an additional 3,138 shares in the last quarter. CWM LLC increased its holdings in shares of Alight by 364.8% during the first quarter. CWM LLC now owns 5,104 shares of the company’s stock worth $30,000 after purchasing an additional 4,006 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Alight by 82.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company’s stock valued at $31,000 after buying an additional 2,348 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Alight in the third quarter valued at approximately $31,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.