Robert A. Jr. Lopes Purchases 3,000 Shares of Alight, Inc. (NYSE:ALIT) Stock

Alight, Inc. (NYSE:ALIT) Director Robert A. Jr. Lopes purchased 3,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $6.25 per share, for a total transaction of $18,750.00. Following the acquisition, the director now directly owns 23,941 shares in the company, valued at $149,631.25. This represents a 14.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alight Stock Performance

NYSE:ALIT opened at $6.12 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of -20.38 and a beta of 0.94. Alight, Inc. has a 1 year low of $5.87 and a 1 year high of $10.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $6.68 and its 200 day simple moving average is $7.09.

Alight (NYSE:ALIT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The firm had revenue of $680.00 million for 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%. On average, sell-side analysts anticipate that Alight, Inc. will post 0.54 EPS for the current year.

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, March 3rd. Alight’s dividend payout ratio is currently -53.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALIT. Blue Trust Inc. increased its position in Alight by 107.6% during the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $25,000 after acquiring an additional 1,729 shares during the period. Public Employees Retirement System of Ohio grew its position in Alight by 65.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock worth $37,000 after purchasing an additional 1,996 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Alight during the 4th quarter worth about $50,000. Oppenheimer & Co. Inc. bought a new position in shares of Alight during the 3rd quarter worth about $74,000. Finally, Sandia Investment Management LP acquired a new position in shares of Alight during the fourth quarter valued at about $69,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, 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 research 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 an average rating of “Moderate Buy” and an average price target of $10.61.

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.