Alight, Inc. $ALIT Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Alight, Inc. (NYSE:ALIT) by 270.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 361,165 shares of the company’s stock after acquiring an additional 263,592 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Alight worth $2,044,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Strs Ohio acquired a new stake in Alight in the 1st quarter worth approximately $25,000. CWM LLC raised its holdings in shares of Alight by 364.8% in the first quarter. CWM LLC now owns 5,104 shares of the company’s stock worth $30,000 after buying an additional 4,006 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Alight by 82.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company’s stock worth $31,000 after buying an additional 2,348 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Alight during the second quarter valued at $62,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Alight by 1,776.2% during the first quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock valued at $67,000 after buying an additional 10,657 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Alight Stock Performance

NYSE ALIT opened at $2.14 on Tuesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -0.52 and a beta of 1.02. The stock has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $4.24. 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, Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $8.21.

Alight (NYSE:ALIT) last issued its earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $539.43 million. Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, equities analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 7.5%. Alight’s dividend payout ratio (DPR) is presently -3.91%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alight in a research report on Wednesday, October 8th. UBS Group reduced their price objective on Alight from $6.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Wedbush decreased their target price on Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Needham & Company LLC cut 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 investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.25.

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.