Alight, Inc. (NYSE:ALIT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,395,106 shares of the company's stock after selling 1,305,808 shares during the period. Janus Henderson Group PLC owned about 3.18% of Alight worth $128,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALIT. Holocene Advisors LP bought a new stake in Alight in the third quarter valued at approximately $376,000. Paloma Partners Management Co acquired a new stake in Alight during the third quarter worth approximately $403,000. ARGA Investment Management LP acquired a new stake in shares of Alight in the 3rd quarter valued at $750,000. Maverick Capital Ltd. acquired a new stake in shares of Alight in the 3rd quarter valued at $1,834,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Alight in the 3rd quarter valued at $4,311,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alight

In other Alight news, Director William P. Foley II sold 5,000,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total transaction of $41,250,000.00. Following the transaction, the director now directly owns 883,323 shares of the company's stock, valued at $7,287,414.75. This trade represents a 84.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the president now owns 852,694 shares of the company's stock, valued at approximately $6,821,552. The trade was a 22.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,334,929 shares of company stock worth $43,895,460 over the last 90 days. 5.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ALIT shares. Canaccord Genuity Group increased their price target on Alight from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Citigroup reduced their target price on Alight from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. KeyCorp boosted their price objective on Alight from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded Alight from an "overweight" rating to a "neutral" rating and set a $8.00 target price on the stock. in a research note on Tuesday, August 20th. Finally, Needham & Company LLC boosted their target price on Alight from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $10.95.

Alight Price Performance

Shares of Alight stock traded down $0.03 during trading hours on Thursday, reaching $7.50. The company's stock had a trading volume of 9,127,372 shares, compared to its average volume of 5,801,569. The stock has a market cap of $4.07 billion, a P/E ratio of -15.67 and a beta of 0.92. Alight, Inc. has a one year low of $6.15 and a one year high of $10.38. The firm has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

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

Alight Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd.

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.