Fox Run Management L.L.C. Buys New Position in Alight, Inc. (NYSE:ALIT)

Fox Run Management L.L.C. purchased a new position in shares of Alight, Inc. (NYSE:ALIT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,907 shares of the company's stock, valued at approximately $283,000.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in shares of Alight by 5.0% during the third quarter. Swiss National Bank now owns 792,100 shares of the company's stock worth $5,862,000 after buying an additional 38,000 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Alight in the 3rd quarter worth about $795,000. Charles Schwab Investment Management Inc. boosted its holdings in Alight by 16.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,898,593 shares of the company's stock valued at $36,250,000 after purchasing an additional 699,375 shares during the period. FMR LLC grew its position in shares of Alight by 44.4% during the 3rd quarter. FMR LLC now owns 11,995 shares of the company's stock worth $89,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Alight by 15.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,293,584 shares of the company's stock valued at $9,573,000 after buying an additional 176,700 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALIT. DA Davidson restated a "buy" rating and set a $10.00 price objective on shares of Alight in a research note on Wednesday, March 26th. 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, 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.19.

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Alight Price Performance

NYSE:ALIT traded down $0.12 during trading hours on Tuesday, hitting $5.82. The company's stock had a trading volume of 7,827,102 shares, compared to its average volume of 5,637,311. Alight, Inc. has a twelve month low of $5.76 and a twelve 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 fifty day simple moving average of $6.52 and a 200-day simple moving average of $6.99. The company has a market capitalization of $3.16 billion, a P/E ratio of -19.38 and a beta of 0.94.

Alight (NYSE:ALIT - Get Free Report) last posted 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 analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, analysts anticipate that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Monday, March 3rd. Alight's dividend payout ratio (DPR) is -53.33%.

Insider Buying and Selling

In other Alight news, Director Richard N. Massey purchased 100,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $6.39 per share, with a total value of $639,000.00. Following the completion of the purchase, the director now owns 1,573,489 shares of the company's stock, valued at approximately $10,054,594.71. The trade was a 6.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert A. Schriesheim purchased 22,092 shares of the business'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 acquisition, the director now owns 22,092 shares of the company's stock, valued at $150,004.68. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 125,092 shares of company stock worth $807,755 in the last 90 days. Insiders own 5.33% of the company's stock.

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.