Alight, Inc. (NYSE:ALIT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in Alight, Inc. (NYSE:ALIT - Free Report) by 38.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,379 shares of the company's stock after selling 76,884 shares during the period. Natixis Advisors LLC's holdings in Alight were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALIT. Nisa Investment Advisors LLC boosted its stake in shares of Alight by 65.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company's stock worth $55,000 after acquiring an additional 2,961 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Alight during the third quarter valued at $74,000. KBC Group NV grew its holdings in Alight by 24.0% during the third quarter. KBC Group NV now owns 12,049 shares of the company's stock valued at $89,000 after purchasing an additional 2,331 shares during the period. Ingalls & Snyder LLC increased its position in Alight by 20.9% in the second quarter. Ingalls & Snyder LLC now owns 12,919 shares of the company's stock worth $95,000 after buying an additional 2,235 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Alight in the second quarter worth about $105,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

ALIT has been the subject of a number of recent research reports. Citigroup cut their price objective on Alight from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. cut shares of Alight from an "overweight" rating to a "neutral" rating and set a $8.00 price objective for the company. in a research note on Tuesday, August 20th. Wedbush decreased their price objective on shares of Alight from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. KeyCorp upped their target price on shares of Alight from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC raised their price target on Alight from $9.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.95.

Alight Price Performance

Shares of ALIT stock traded down $0.03 on Thursday, reaching $7.99. The company's stock had a trading volume of 3,373,937 shares, compared to its average volume of 6,923,979. The stock's fifty day simple moving average is $7.38 and its 200-day simple moving average is $7.35. The company has a current ratio of 1.30, a quick 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.

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

Alight Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd.

Insider Buying and Selling at Alight

In other news, insider Gregory A. George sold 84,929 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.60, for a total transaction of $645,460.40. Following the transaction, the insider now directly owns 223,327 shares in the company, valued at approximately $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Foley II sold 5,000,000 shares of Alight stock in a transaction 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 transaction, the director now owns 883,323 shares in the company, valued at $7,287,414.75. This represents a 84.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.33% of the company's stock.

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.