Alight, Inc. (NYSE:ALIT) Shares Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,892,590 shares of the company's stock after acquiring an additional 1,518,342 shares during the period. Neuberger Berman Group LLC owned approximately 0.90% of Alight worth $33,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Alight by 107.6% during the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after buying an additional 1,729 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Alight by 65.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company's stock valued at $37,000 after acquiring an additional 1,996 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Alight during the fourth quarter valued at approximately $50,000. Headlands Technologies LLC bought a new stake in shares of Alight in the fourth quarter worth $84,000. Finally, FMR LLC increased its stake in Alight by 44.4% in the 3rd quarter. FMR LLC now owns 11,995 shares of the company's stock worth $89,000 after buying an additional 3,689 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Insiders Place Their Bets

In other Alight news, Director Robert A. Schriesheim purchased 22,092 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 owns 22,092 shares of the company's stock, valued at approximately $150,004.68. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Massey acquired 100,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $6.39 per share, with a total value of $639,000.00. Following the completion of the transaction, the director now directly 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. Insiders purchased a total of 125,092 shares of company stock worth $807,755 over the last 90 days. Company insiders own 5.33% of the company's stock.

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Alight Trading Down 1.9 %

NYSE ALIT traded down $0.10 during trading on Tuesday, hitting $5.01. The stock had a trading volume of 7,644,362 shares, compared to its average volume of 6,018,105. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -16.68 and a beta of 0.97. The stock has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $6.82. Alight, Inc. has a one year low of $4.49 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

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

Alight Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, March 3rd. Alight's dividend payout ratio (DPR) is -53.33%.

Analyst Upgrades and Downgrades

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

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.