Alight, Inc. (NYSE:ALIT) Shares Acquired by J. Goldman & Co LP

J. Goldman & Co LP boosted its holdings in Alight, Inc. (NYSE:ALIT) by 105.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,774,590 shares of the company’s stock after purchasing an additional 2,961,443 shares during the quarter. Alight makes up about 1.0% of J. Goldman & Co LP’s investment portfolio, making the stock its 17th largest holding. J. Goldman & Co LP owned about 1.06% of Alight worth $39,960,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Alight by 107.6% during 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 during the period. Venturi Wealth Management LLC acquired a new position in shares of Alight during the fourth quarter valued at $50,000. Headlands Technologies LLC bought a new position in shares of Alight during the fourth quarter worth about $84,000. Sterling Capital Management LLC increased its holdings in shares of Alight by 817.7% in the 4th quarter. Sterling Capital Management LLC now owns 13,224 shares of the company’s stock worth $92,000 after acquiring an additional 11,783 shares during the period. Finally, Winslow Asset Management Inc. bought a new stake in Alight in the 4th quarter valued at about $93,000. Institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wedbush cut their price target on Alight from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson reiterated a “buy” rating and set a $10.00 price target on shares of Alight in a research report on Wednesday, March 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Alight in a report on Monday, March 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Alight has a consensus rating of “Moderate Buy” and an average price target of $9.94.

Insider Buying and Selling at Alight

In other news, 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 completion of the acquisition, the director now directly owns 22,092 shares of the company’s stock, valued at $150,004.68. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Massey purchased 100,000 shares of Alight stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $6.39 per share, with a total value of $639,000.00. Following the transaction, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 125,092 shares of company stock valued at $807,755. Corporate insiders own 5.33% of the company’s stock.

Alight Stock Down 0.5 %

ALIT opened at $5.58 on Friday. The stock’s fifty day moving average is $5.54 and its 200-day moving average is $6.55. Alight, Inc. has a one year low of $4.49 and a one year high of $8.93. The company has a market capitalization of $3.03 billion, a PE ratio of -18.60 and a beta of 0.99. 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 (NYSE:ALIT) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The business had revenue of $548.00 million during the quarter, compared to analyst estimates of $542.66 million. During the same period in the previous year, the company posted $0.13 earnings per share. Alight’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.16 annualized dividend and a yield of 2.87%. Alight’s dividend payout ratio (DPR) is -114.29%.

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.