Alight, Inc. (NYSE:ALIT) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 26.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 284,164 shares of the company's stock after purchasing an additional 60,257 shares during the period. Sei Investments Co. owned about 0.05% of Alight worth $1,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALIT. American Century Companies Inc. grew its position in Alight by 214.0% in the 4th quarter. American Century Companies Inc. now owns 4,600,961 shares of the company's stock valued at $31,839,000 after acquiring an additional 3,135,846 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Alight in the fourth quarter valued at approximately $379,000. Palogic Value Management L.P. grew its holdings in shares of Alight by 13.5% in the fourth quarter. Palogic Value Management L.P. now owns 420,000 shares of the company's stock valued at $2,906,000 after purchasing an additional 50,000 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Alight during the 4th quarter worth approximately $188,000. Finally, Xponance Inc. lifted its holdings in Alight by 8.8% during the 4th quarter. Xponance Inc. now owns 30,229 shares of the company's stock worth $209,000 after buying an additional 2,437 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ALIT shares. Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 price objective on shares of Alight in a research report on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and set a $11.00 price objective on shares of Alight in a research report on Tuesday, March 25th. Finally, DA Davidson reaffirmed a "buy" rating and set a $10.00 price target on shares of Alight in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.19.

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Insider Activity

In related news, Director Robert A. Schriesheim purchased 22,092 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $6.79 per share, for a total transaction of $150,004.68. Following the completion of the purchase, the director now directly owns 22,092 shares of the company's stock, valued at $150,004.68. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Massey acquired 100,000 shares of the 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 completion of the transaction, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. The trade was a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 125,092 shares of company stock valued at $807,755. Insiders own 5.33% of the company's stock.

Alight Stock Performance

Shares of ALIT traded down $0.38 during midday trading on Thursday, reaching $4.96. 12,213,837 shares of the stock were exchanged, compared to its average volume of 5,922,777. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -16.54 and a beta of 0.97. 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 twelve month low of $4.49 and a twelve month high of $9.45. The business's 50-day moving average price is $6.19 and its 200 day moving average price is $6.85.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.04). The firm had revenue of $680.00 million during the quarter, compared to analysts' expectations of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, sell-side analysts expect that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, March 3rd. Alight's payout ratio is currently -53.33%.

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.