Robert A. Jr. Lopes Acquires 3,000 Shares of Alight, Inc. (NYSE:ALIT) Stock

Alight, Inc. (NYSE:ALIT) Director Robert A. Jr. Lopes purchased 3,000 shares of Alight stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $6.25 per share, with a total value of $18,750.00. Following the acquisition, the director now directly owns 23,941 shares of the company’s stock, valued at approximately $149,631.25. This trade represents a 14.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Alight Stock Performance

Shares of ALIT opened at $6.12 on Friday. Alight, Inc. has a 12 month low of $5.87 and a 12 month high of $10.38. The firm has a fifty day simple moving average of $6.68 and a 200 day simple moving average of $7.09. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -20.38 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.

Alight (NYSE:ALIT) last announced 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 analyst estimates of $675.66 million. Research analysts forecast that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, March 3rd. Alight’s dividend payout ratio is currently -53.33%.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Alight in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alight currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.61.

Institutional Trading of Alight

A number of large investors have recently added to or reduced their stakes in ALIT. Blue Trust Inc. lifted its stake in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock valued at $25,000 after acquiring an additional 1,729 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Alight by 65.5% in the third 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 period. Venturi Wealth Management LLC bought a new position in shares of Alight in the fourth quarter valued at about $50,000. Sandia Investment Management LP bought a new position in shares of Alight in the fourth quarter valued at about $69,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Alight in the third quarter valued at about $74,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

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.