Alight, Inc. (NYSE:ALIT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,785,350 shares of the company's stock after selling 152,246 shares during the period. Loomis Sayles & Co. L P owned about 0.51% of Alight worth $19,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Alight by 107.6% during the fourth 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 lifted its holdings in Alight by 65.5% during the 3rd 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 purchased a new position in Alight in the 4th quarter valued at approximately $50,000. Soros Fund Management LLC acquired a new position in shares of Alight in the third quarter worth $89,000. Finally, FMR LLC increased its position in shares of Alight by 44.4% during the third quarter. FMR LLC now owns 11,995 shares of the company's stock worth $89,000 after acquiring an additional 3,689 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert A. Schriesheim acquired 22,092 shares of Alight stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $6.79 per share, with a total value of $150,004.68. Following the purchase, the director now directly owns 22,092 shares in the company, valued at approximately $150,004.68. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Massey bought 100,000 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the director now directly owns 1,573,489 shares in the company, valued at approximately $10,054,594.71. The trade was a 6.79 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 125,092 shares of company stock valued at $807,755. 5.33% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

ALIT has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $11.00 target price on shares of Alight in a report on Tuesday, March 25th. Needham & Company LLC restated a "buy" rating and set a $9.00 target price on shares of Alight in a research note on Monday, March 24th. Finally, DA Davidson reiterated a "buy" rating and issued 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. According to MarketBeat, Alight presently has a consensus rating of "Moderate Buy" and an average price target of $10.19.

Alight Stock Up 0.3 %

Shares of NYSE:ALIT traded up $0.02 during trading on Wednesday, hitting $5.84. 1,623,974 shares of the company were exchanged, compared to its average volume of 5,622,205. The firm's 50 day moving average price is $6.52 and its 200-day moving average price is $6.99. Alight, Inc. has a 12-month low of $5.73 and a 12-month high of $9.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $3.17 billion, a P/E ratio of -19.42 and a beta of 0.94.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings results 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 company 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, research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

The company also recently declared 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 2.74%. The ex-dividend date was Monday, March 3rd. Alight's dividend payout ratio (DPR) is -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.