Heck Capital Advisors LLC Acquires Shares of 129,044 Alight, Inc. (NYSE:ALIT)

Heck Capital Advisors LLC bought a new stake in shares of Alight, Inc. (NYSE:ALIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 129,044 shares of the company’s stock, valued at approximately $893,000.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in Alight by 1.2% in the third quarter. State Street Corp now owns 11,905,766 shares of the company’s stock valued at $88,103,000 after buying an additional 141,828 shares during the period. Rubric Capital Management LP raised its stake in Alight by 38.3% during the 3rd quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock worth $86,185,000 after buying an additional 3,223,617 shares during the period. Geode Capital Management LLC lifted its holdings in Alight by 0.8% during the third quarter. Geode Capital Management LLC now owns 10,068,446 shares of the company’s stock worth $74,521,000 after acquiring an additional 77,948 shares in the last quarter. River Road Asset Management LLC grew its stake in Alight by 2.9% in the third quarter. River Road Asset Management LLC now owns 9,988,254 shares of the company’s stock valued at $73,913,000 after acquiring an additional 286,133 shares during the period. Finally, Kinney Asset Management LLC increased its holdings in shares of Alight by 2.5% in the third quarter. Kinney Asset Management LLC now owns 6,247,546 shares of the company’s stock worth $46,232,000 after acquiring an additional 150,000 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALIT shares. Needham & Company LLC lowered their target price on Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. Canaccord Genuity Group increased their price objective on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, KeyCorp boosted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.61.

Alight Stock Performance

Alight stock opened at $6.84 on Friday. The company has a quick ratio of 1.30, a current 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. The company has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $7.21.

Alight (NYSE:ALIT) last released its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The business had revenue of $555.00 million for the quarter, compared to the consensus estimate of $538.39 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Alight’s quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts expect that Alight, Inc. will post 0.47 EPS for the current fiscal year.

Alight Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd.

Insider Activity at Alight

In other Alight news, Director William P. Foley II sold 5,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $8.25, for a total value of $41,250,000.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory A. George sold 84,929 shares of Alight stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.60, for a total value of $645,460.40. Following the transaction, the insider now owns 223,327 shares of the company’s stock, valued at $1,697,285.20. This represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,334,929 shares of company stock valued at $43,895,460. 5.33% of the stock is owned by corporate insiders.

Alight 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.