Wedbush Analysts Decrease Earnings Estimates for Alight

Alight, Inc. (NYSE:ALIT) – Wedbush reduced their Q1 2025 EPS estimates for shares of Alight in a note issued to investors on Tuesday, March 25th. Wedbush analyst D. Ives now expects that the company will earn $0.11 per share for the quarter, down from their prior estimate of $0.13. Wedbush currently has a “Outperform” rating and a $11.00 target price on the stock. The consensus estimate for Alight’s current full-year earnings is $0.54 per share. Wedbush also issued estimates for Alight’s Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.57 EPS.

Alight (NYSE:ALIT) last issued its earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The business had revenue of $680.00 million for the quarter, compared to the consensus estimate of $675.66 million.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Alight in a research note on Monday. DA Davidson reaffirmed a “buy” rating and issued a $10.00 target price on shares of Alight in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Alight has a consensus rating of “Moderate Buy” and a consensus target price of $10.19.

Alight Price Performance

NYSE:ALIT opened at $6.19 on Thursday. The company has a market cap of $3.36 billion, a P/E ratio of -20.63 and a beta of 0.94. The firm’s fifty day moving average price is $6.59 and its two-hundred day moving average price is $7.02. Alight has a one year low of $5.87 and a one year high of $10.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Institutional Investors Weigh In On Alight

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Alight during the 4th quarter worth $35,045,000. Starboard Value LP raised its stake in Alight by 8.8% during the fourth quarter. Starboard Value LP now owns 47,228,000 shares of the company’s stock worth $326,818,000 after acquiring an additional 3,833,000 shares in the last quarter. Cooper Creek Partners Management LLC lifted its holdings in shares of Alight by 23.1% in the fourth quarter. Cooper Creek Partners Management LLC now owns 17,704,322 shares of the company’s stock worth $122,514,000 after acquiring an additional 3,322,705 shares during the last quarter. Rubric Capital Management LP boosted its stake in shares of Alight by 38.3% in the 3rd quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock valued at $86,185,000 after purchasing an additional 3,223,617 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Alight by 214.0% during the 4th quarter. American Century Companies Inc. now owns 4,600,961 shares of the company’s stock valued at $31,839,000 after purchasing an additional 3,135,846 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard N. Massey acquired 100,000 shares of Alight stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the director now directly owns 1,573,489 shares of the company’s stock, valued at approximately $10,054,594.71. This represents a 6.79 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert A. Schriesheim bought 22,092 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the completion of the acquisition, the director now owns 22,092 shares in the company, 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. Insiders have purchased a total of 125,092 shares of company stock worth $807,755 in the last 90 days. Company insiders own 5.33% of the company’s stock.

Alight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Monday, March 3rd. Alight’s dividend payout ratio is currently -53.33%.

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.