Alight, Inc. (NYSE:ALIT) Director Robert A. Schriesheim Purchases 22,092 Shares

Alight, Inc. (NYSE:ALIT) Director Robert A. Schriesheim purchased 22,092 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $6.79 per share, with a total value of $150,004.68. Following the acquisition, the director now owns 22,092 shares of the company’s stock, valued at approximately $150,004.68. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alight Stock Performance

ALIT traded down $0.28 during trading on Tuesday, reaching $6.30. 10,249,228 shares of the company’s stock were exchanged, compared to its average volume of 6,266,961. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38. The company’s fifty day simple moving average is $6.79 and its 200-day simple moving average is $7.14. The stock has a market capitalization of $3.42 billion, a P/E ratio of -20.99 and a beta of 0.94.

Alight (NYSE:ALIT) last issued its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $675.66 million. Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. As a group, research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, March 3rd. Alight’s dividend payout ratio (DPR) is -53.33%.

Analyst Ratings Changes

ALIT has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Alight in a research note on Friday, February 21st. Canaccord Genuity Group raised their price target on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, KeyCorp boosted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.61.

Institutional Inflows and Outflows

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

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.