12,142 Shares in Alight, Inc. (NYSE:ALIT) Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new position in shares of Alight, Inc. (NYSE:ALIT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 12,142 shares of the company’s stock, valued at approximately $84,000.

A number of other institutional investors also recently made changes to their positions in ALIT. Alliancebernstein L.P. lifted its holdings in Alight by 9.6% during the 4th quarter. Alliancebernstein L.P. now owns 473,430 shares of the company’s stock worth $3,276,000 after purchasing an additional 41,600 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Alight during the fourth quarter worth $644,000. Cornercap Investment Counsel Inc. bought a new stake in shares of Alight in the fourth quarter valued at about $192,000. Palogic Value Management L.P. grew its stake in shares of Alight by 13.5% in the fourth quarter. Palogic Value Management L.P. now owns 420,000 shares of the company’s stock valued at $2,906,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its position in Alight by 9.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 51,138 shares of the company’s stock worth $354,000 after acquiring an additional 4,442 shares during the period. Institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ALIT shares. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Alight in a report on Monday, March 24th. Wedbush reissued an “outperform” rating and set a $11.00 price target on shares of Alight in a research report on Tuesday, March 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Alight in a report on Wednesday, March 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Alight has a consensus rating of “Moderate Buy” and a consensus target price of $10.19.

Alight Price Performance

Alight stock opened at $4.77 on Monday. 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 $4.66 and a 52 week high of $9.58. The stock has a market capitalization of $2.59 billion, a P/E ratio of -15.88 and a beta of 0.97. The stock has a fifty day moving average of $6.42 and a 200-day moving average of $6.95.

Alight (NYSE:ALIT) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $675.66 million. Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. On average, sell-side analysts expect that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 3.36%. Alight’s dividend payout ratio (DPR) is presently -53.33%.

Insider Activity

In other Alight news, Director Richard N. Massey purchased 100,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the transaction, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. The trade was a 6.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert A. Schriesheim purchased 22,092 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $6.79 per share, for a total transaction of $150,004.68. Following the acquisition, the director now owns 22,092 shares of the company’s stock, valued at $150,004.68. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 125,092 shares of company stock worth $807,755. Insiders own 5.33% of the company’s stock.

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.