Alight, Inc. (NYSE:ALIT) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Alight, Inc. (NYSE:ALIT - Free Report) by 55.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,469 shares of the company's stock after acquiring an additional 59,104 shares during the quarter. Intech Investment Management LLC's holdings in Alight were worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc boosted its holdings in Alight by 36.0% during the 3rd quarter. Atria Investments Inc now owns 33,144 shares of the company's stock valued at $245,000 after acquiring an additional 8,782 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Alight during the third quarter valued at $74,000. KBC Group NV grew its holdings in shares of Alight by 24.0% in the third quarter. KBC Group NV now owns 12,049 shares of the company's stock worth $89,000 after purchasing an additional 2,331 shares during the last quarter. Swiss National Bank increased its stake in Alight by 5.0% in the 3rd quarter. Swiss National Bank now owns 792,100 shares of the company's stock worth $5,862,000 after buying an additional 38,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alight by 16.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,898,593 shares of the company's stock valued at $36,250,000 after buying an additional 699,375 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $9.00 price objective on shares of Alight in a research note on Monday. Wedbush reaffirmed an "outperform" rating and issued a $11.00 price objective on shares of Alight in a research report on Tuesday. Finally, DA Davidson reissued a "buy" rating and set a $10.00 target price on shares of Alight in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.19.

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Alight Stock Performance

Shares of NYSE ALIT remained flat at $6.19 during midday trading on Wednesday. 5,921,611 shares of the company's stock were exchanged, compared to its average volume of 5,454,484. The company has a market cap of $3.36 billion, a PE ratio of -20.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The company's 50-day moving average is $6.60 and its 200-day moving average is $7.03. Alight, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $10.04.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 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 analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. Analysts predict that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, March 3rd. Alight's dividend payout ratio is currently -53.33%.

Insider Transactions at Alight

In related news, 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, for a total transaction of $639,000.00. Following the transaction, the director now directly owns 1,573,489 shares in the company, valued at approximately $10,054,594.71. This trade represents a 6.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert A. Schriesheim acquired 22,092 shares of the business's stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $6.79 per share, with a total value of $150,004.68. Following the completion of the purchase, the director now owns 22,092 shares in the company, valued at $150,004.68. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 125,092 shares of company stock valued at $807,755 in the last ninety days. 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.