Alight, Inc. $ALIT Stock Holdings Cut by EntryPoint Capital LLC

EntryPoint Capital LLC lowered its position in shares of Alight, Inc. (NYSE:ALIT) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,862 shares of the company’s stock after selling 5,217 shares during the quarter. EntryPoint Capital LLC’s holdings in Alight were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Starboard Value LP lifted its holdings in Alight by 8.8% in the 4th quarter. Starboard Value LP now owns 47,228,000 shares of the company’s stock valued at $326,818,000 after acquiring an additional 3,833,000 shares during the last quarter. J. Goldman & Co LP lifted its stake in Alight by 105.3% during the fourth quarter. J. Goldman & Co LP now owns 5,774,590 shares of the company’s stock valued at $39,960,000 after purchasing an additional 2,961,443 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Alight by 13.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 24,296,295 shares of the company’s stock worth $168,130,000 after buying an additional 2,901,108 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in Alight in the fourth quarter worth approximately $19,581,000. Finally, American Century Companies Inc. increased its holdings in shares of Alight by 50.4% in the first quarter. American Century Companies Inc. now owns 6,920,646 shares of the company’s stock valued at $41,039,000 after buying an additional 2,319,685 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Alight Stock Performance

Shares of ALIT stock opened at $3.8550 on Friday. Alight, Inc. has a 1-year low of $3.62 and a 1-year high of $8.93. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1.74 and a beta of 1.00. The stock’s fifty day simple moving average is $5.11 and its 200-day simple moving average is $5.55.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Alight had a positive return on equity of 6.26% and a negative net margin of 50.37%.The firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $525.26 million. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. On average, sell-side analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 4.2%. Alight’s payout ratio is presently -7.24%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reduced their price objective on Alight from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. UBS Group decreased their price target on Alight from $10.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Wedbush dropped their price target on Alight from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $9.07.

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.