54,804 Shares in Alight, Inc. (NYSE:ALIT) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in Alight, Inc. (NYSE:ALIT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,804 shares of the company's stock, valued at approximately $379,000.

A number of other large investors also recently modified their holdings of ALIT. Blue Trust Inc. increased its position in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after purchasing an additional 1,729 shares during the period. Public Employees Retirement System of Ohio boosted 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 purchasing an additional 1,996 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in shares of Alight by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 67,673 shares of the company's stock worth $468,000 after buying an additional 2,356 shares during the period. Xponance Inc. raised its stake in shares of Alight by 8.8% during the fourth quarter. Xponance Inc. now owns 30,229 shares of the company's stock worth $209,000 after buying an additional 2,437 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Alight by 17.5% in the fourth quarter. US Bancorp DE now owns 23,980 shares of the company's stock valued at $166,000 after buying an additional 3,576 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Alight Trading Down 4.9 %

Shares of Alight stock traded down $0.31 during trading hours on Friday, hitting $5.91. The company's stock had a trading volume of 7,784,543 shares, compared to its average volume of 5,601,850. The company has a market capitalization of $3.21 billion, a PE ratio of -19.68 and a beta of 0.94. 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 50 day moving average of $6.56 and a 200 day moving average of $7.01. Alight, Inc. has a 12 month low of $5.87 and a 12 month high of $9.92.

Alight (NYSE:ALIT - Get Free Report) last announced 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). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $675.66 million. Analysts predict that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Monday, March 3rd. Alight's dividend payout ratio (DPR) is presently -53.33%.

Insider Buying and Selling at Alight

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

About Alight

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.