18 hours Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in shares of Alight, Inc. (NYSE:ALIT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,600 shares of the company’s stock, valued at approximately $585,000.
Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Alight by 107.
6% during 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 increased its stake in Alight by 65.5% during 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 in the last quarter.
Cornerstone Investment Partners LLC lifted its stake in shares of Alight by 3.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 67,673 shares of the company’s stock valued at $468,000 after buying an additional 2,356 shares in the last quarter.
Xponance Inc. grew its holdings in shares of Alight by 8.8% during the fourth quarter.
Xponance Inc. now owns 30,229 shares of the company’s stock valued at $209,000 after buying an additional 2,437 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Alight by 17.
5% during the fourth quarter. US Bancorp DE now owns 23,980 shares of the company’s stock worth $166,000 after acquiring an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 96.
74% of the company’s stock. Alight Stock PerformanceShares of NYSE ALIT opened at $5.89 on Thursday.
Alight, Inc. has a 12-month low of $5.73 and a 12-month high of $9.
64. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of -19.
63 and a beta of 0.94. The company has a current ratio of 1.
30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46.
The firm has a 50 day moving average of $6.50 and a 200 day moving average of $6.98.
Alight (NYSE:ALIT – Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.
25 by ($0.04). The company had revenue of $680.
00 million for the quarter, compared to analysts’ expectations of $675.66 million. Alight had a negative net margin of 5.
53% and a positive return on equity of 5.42%. On average, research analysts anticipate that Alight, Inc.
will post 0.54 earnings per share for the current year. Alight Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $0.16 dividend on an annualized basis and a yield of 2.72%.
Alight’s dividend payout ratio is currently -53.33%. Wall Street Analyst Weigh InA number of research analysts recently weighed in on ALIT shares.
Wedbush reissued an “outperform” rating and set a $11.00 price target on shares of Alight in a research report on Tuesday, March 25th. DA Davidson reissued a “buy” rating and set a $10.
00 target price on shares of Alight in a research report on Wednesday, March 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Alight in a report on Monday, March 24th.
One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.
19.Read Our Latest Analysis on AlightInsider Transactions at AlightIn related news, Director Richard N. Massey acquired 100,000 shares of the company’s stock in a transaction dated Monday, March 10th.
The shares were purchased at an average cost of $6.39 per share, with a total value of $639,000.00.
Following the completion of the acquisition, the director now directly owns 1,573,489 shares of the company’s stock, valued at $10,054,594.71. This represents a 6.
79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert A.
Schriesheim bought 22,092 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $6.79 per share, with a total value of $150,004.
68. Following the acquisition, the director now directly owns 22,092 shares of the company’s stock, valued at approximately $150,004.68.
This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 125,092 shares of company stock valued at $807,755.
5.33% of the stock is currently owned by company insiders. Alight Profile (Free Report)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.Read MoreFive stocks we like better than AlightWhere Do I Find 52-Week Highs and Lows?Homebuilders in Freefall: Bargain Opportunity or Falling Knife?Profitably Trade Stocks at 52-Week HighsThe 3 Most Talked About Investments on WallStreetBets Right NowWhat Investors Must Know About Over-the-Counter (OTC) StocksAnalyst Targets Signal More Growth in CrowdStrike StockWant to see what other hedge funds are holding ALIT? Visit HoldingsChannel.
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