Alight, Inc. (NYSE:ALIT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its holdings in Alight, Inc. (NYSE:ALIT) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,785,350 shares of the company’s stock after selling 152,246 shares during the period. Loomis Sayles & Co. L P owned about 0.51% of Alight worth $19,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ALIT. Blue Trust Inc. lifted its stake in 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 last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Alight by 65.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock worth $37,000 after buying an additional 1,996 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Alight in the 4th quarter valued at $50,000. Soros Fund Management LLC purchased a new position in shares of Alight in the 3rd quarter valued at $89,000. Finally, FMR LLC raised its stake in Alight by 44.4% during the 3rd quarter. FMR LLC now owns 11,995 shares of the company’s stock worth $89,000 after acquiring an additional 3,689 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alight

In other news, Director Robert A. Schriesheim purchased 22,092 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $6.79 per share, with a total value of $150,004.68. Following the purchase, the director now directly owns 22,092 shares of the company’s stock, valued at $150,004.68. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Massey acquired 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $6.39 per share, with a total value of $639,000.00. Following the completion of the purchase, the director now directly owns 1,573,489 shares in the company, valued at $10,054,594.71. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 125,092 shares of company stock valued at $807,755. Corporate insiders own 5.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Alight in a research note on Monday, March 24th. Wedbush reissued an “outperform” rating and issued a $11.00 target price on shares of Alight in a report on Tuesday. Finally, DA Davidson restated a “buy” rating and set a $10.00 price target on shares of Alight in a research note on Wednesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.19.

Alight Stock Down 4.9 %

Alight stock opened at $5.91 on Friday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -19.68 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 stock has a 50 day moving average of $6.56 and a two-hundred day moving average of $7.01. Alight, Inc. has a twelve month low of $5.87 and a twelve month high of $9.92.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. As a group, research analysts expect that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Monday, March 3rd. Alight’s payout ratio is -53.33%.

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.