Barclays PLC Has $6.04 Million Holdings in Alight, Inc. (NYSE:ALIT)

Barclays PLC increased its position in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 148.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 815,841 shares of the company's stock after acquiring an additional 487,185 shares during the quarter. Barclays PLC owned approximately 0.15% of Alight worth $6,037,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Alight by 65.5% in 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 period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Alight during the third quarter valued at approximately $588,000. Wexford Capital LP lifted its position in shares of Alight by 320.2% during the third quarter. Wexford Capital LP now owns 110,000 shares of the company's stock worth $814,000 after purchasing an additional 83,822 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Alight in the third quarter valued at $1,512,000. Finally, Soros Fund Management LLC acquired a new stake in Alight during the 3rd quarter valued at $89,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Alight Trading Up 1.5 %

Shares of NYSE ALIT traded up $0.10 during mid-day trading on Friday, hitting $6.86. 10,049,189 shares of the company traded hands, compared to its average volume of 5,798,557. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -14.29 and a beta of 0.92. The business has a 50 day moving average of $7.44 and a two-hundred day moving average of $7.30.

Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The business had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alight, Inc. will post 0.47 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 2nd.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ALIT shares. KeyCorp increased their target price on Alight from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Canaccord Genuity Group boosted their price target on Alight from $11.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Needham & Company LLC raised their price objective on Alight from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Citigroup decreased their price target on shares of Alight from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.83.

Insider Buying and Selling at Alight

In other news, President Gregory R. Goff sold 250,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the president now directly owns 852,694 shares of the company's stock, valued at $6,821,552. This trade represents a 22.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Foley II sold 5,000,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total value of $41,250,000.00. Following the completion of the sale, the director now directly owns 883,323 shares of the company's stock, valued at approximately $7,287,414.75. The trade was a 84.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,334,929 shares of company stock worth $43,895,460. 5.33% of the stock is currently owned by company 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.