Quadrature Capital Ltd Cuts Position in Alight, Inc. (NYSE:ALIT)

Quadrature Capital Ltd decreased its position in Alight, Inc. (NYSE:ALIT - Free Report) by 79.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,001 shares of the company's stock after selling 143,018 shares during the quarter. Quadrature Capital Ltd's holdings in Alight were worth $267,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Alight by 65.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company's stock worth $55,000 after buying an additional 2,961 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Alight in the third quarter worth about $74,000. FMR LLC increased its position in Alight by 44.4% in the third quarter. FMR LLC now owns 11,995 shares of the company's stock worth $89,000 after buying an additional 3,689 shares in the last quarter. KBC Group NV increased its position in Alight by 24.0% in the third quarter. KBC Group NV now owns 12,049 shares of the company's stock worth $89,000 after buying an additional 2,331 shares in the last quarter. Finally, 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. Institutional investors own 96.74% of the company's stock.

Insider Buying and Selling

In other Alight news, insider Gregory A. George sold 84,929 shares of Alight stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the sale, the insider now directly owns 223,327 shares of the company's stock, valued at $1,697,285.20. The trade was a 27.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the director now directly owns 883,323 shares of the company's stock, valued at approximately $7,287,414.75. This trade represents a 84.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,334,929 shares of company stock valued at $43,895,460. Insiders own 5.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut Alight from an "overweight" rating to a "neutral" rating and set a $8.00 target price for the company. in a research report on Tuesday, August 20th. Canaccord Genuity Group increased their target price on Alight from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC increased their target price on Alight from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Citigroup cut their target price on Alight from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, KeyCorp increased their target price on Alight from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.83.

Alight Trading Up 0.4 %

Shares of NYSE:ALIT traded up $0.03 during trading on Wednesday, hitting $7.39. The company had a trading volume of 3,665,331 shares, compared to its average volume of 5,781,338. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of -15.33 and a beta of 0.91. Alight, Inc. has a one year low of $6.15 and a one year high of $10.38. The company has a fifty day simple moving average of $7.46 and a two-hundred day simple moving average of $7.34. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $555.00 million during the quarter, compared to analyst estimates of $538.39 million. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. As a group, equities analysts forecast that Alight, Inc. will post 0.47 earnings per share for the current year.

Alight Dividend Announcement

The firm 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.

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.