Dynamic Technology Lab Private Ltd Buys Shares of 63,442 Alight, Inc. (NYSE:ALIT)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Alight, Inc. (NYSE:ALIT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,442 shares of the company's stock, valued at approximately $439,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Alight by 44.4% in the 3rd quarter. FMR LLC now owns 11,995 shares of the company's stock valued at $89,000 after purchasing an additional 3,689 shares during the period. Verition Fund Management LLC boosted its holdings in Alight by 288.3% during the third quarter. Verition Fund Management LLC now owns 48,776 shares of the company's stock worth $361,000 after buying an additional 36,216 shares during the last quarter. State Street Corp grew its position in shares of Alight by 1.2% during the 3rd quarter. State Street Corp now owns 11,905,766 shares of the company's stock worth $88,103,000 after buying an additional 141,828 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Alight in the 3rd quarter valued at about $588,000. Finally, Public Employees Retirement System of Ohio increased 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 last quarter. Institutional investors own 96.74% of the company's stock.

Insider Transactions at Alight

In other Alight news, Director Richard N. Massey bought 100,000 shares of Alight stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $6.39 per share, with a total value of $639,000.00. Following the acquisition, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This trade represents a 6.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert A. Schriesheim acquired 22,092 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $6.79 per share, with a total value of $150,004.68. Following the completion of the transaction, the director now owns 22,092 shares in the company, valued at $150,004.68. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 125,092 shares of company stock valued at $807,755. Company insiders own 5.33% of the company's stock.

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Alight Stock Performance

Shares of ALIT stock traded up $0.06 on Monday, hitting $5.02. The company's stock had a trading volume of 2,006,598 shares, compared to its average volume of 5,972,560. Alight, Inc. has a fifty-two week low of $4.49 and a fifty-two week 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. The stock's 50 day moving average is $6.16 and its 200-day moving average is $6.84. The company has a market capitalization of $2.73 billion, a PE ratio of -16.73 and a beta of 0.97.

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

Alight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, March 3rd. Alight's payout ratio is presently -53.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Alight in a research note on Monday, March 24th. DA Davidson restated a "buy" rating and issued a $10.00 price target on shares of Alight in a report on Wednesday, March 26th. Finally, Wedbush reiterated an "outperform" rating and set a $11.00 price objective on shares of Alight in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.19.

Alight 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.