Entropy Technologies LP Purchases New Position in Alight, Inc. (NYSE:ALIT)

Entropy Technologies LP purchased a new stake in Alight, Inc. (NYSE:ALIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,500 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its position in Alight by 107.6% in 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 last quarter. Public Employees Retirement System of Ohio raised 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 valued at $37,000 after purchasing an additional 1,996 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Alight in the 3rd quarter valued at $74,000. Nisa Investment Advisors LLC raised its position in Alight by 54.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company’s stock valued at $85,000 after purchasing an additional 4,049 shares during the last quarter. Finally, KBC Group NV raised its position in Alight by 24.0% in the 3rd quarter. KBC Group NV now owns 12,049 shares of the company’s stock valued at $89,000 after purchasing an additional 2,331 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

ALIT has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Canaccord Genuity Group lifted their price objective on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, KeyCorp boosted their target price on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.61.

Alight Trading Up 0.4 %

ALIT stock opened at $6.76 on Friday. The company has a market cap of $3.67 billion, a P/E ratio of -14.07 and a beta of 0.94. Alight, Inc. has a twelve month low of $6.15 and a twelve month high of $10.38. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $6.86 and a 200-day moving average of $7.16.

Alight (NYSE:ALIT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $555.00 million during the quarter, compared to the consensus estimate of $538.39 million. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, equities research analysts expect that Alight, Inc. will post 0.47 EPS for the current year.

Alight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 2.37%.

Insider Activity at Alight

In related news, President Gregory R. Goff sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total value of $2,000,000.00. Following the completion of the sale, the president now owns 852,694 shares in the company, valued at approximately $6,821,552. This represents a 22.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.33% of the stock is currently owned by corporate insiders.

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.