Susquehanna Fundamental Investments LLC acquired a new stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 275,042 shares of the company's stock, valued at approximately $2,709,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Alight by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 35,198,914 shares of the company's stock worth $300,247,000 after purchasing an additional 547,614 shares during the last quarter. Bullseye Asset Management LLC raised its stake in shares of Alight by 34.1% during the fourth quarter. Bullseye Asset Management LLC now owns 531,425 shares of the company's stock worth $4,533,000 after acquiring an additional 135,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Alight by 33.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,171,721 shares of the company's stock worth $103,826,000 after acquiring an additional 3,018,711 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Alight by 229.8% in the 3rd quarter. Walleye Capital LLC now owns 281,509 shares of the company's stock valued at $1,996,000 after purchasing an additional 196,160 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of Alight by 2.9% in the 4th quarter. River Road Asset Management LLC now owns 9,360,406 shares of the company's stock valued at $79,844,000 after purchasing an additional 263,242 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.
Alight Trading Up 2.5 %
NYSE ALIT traded up $0.18 during trading on Monday, hitting $7.35. The company had a trading volume of 6,716,806 shares, compared to its average volume of 6,296,846. The company's fifty day moving average is $7.59 and its 200-day moving average is $8.57. Alight, Inc. has a one year low of $6.33 and a one year high of $10.38. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -11.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.
Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.07. Alight had a negative net margin of 9.19% and a positive return on equity of 5.14%. The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $832.41 million. On average, sell-side analysts predict that Alight, Inc. will post 0.52 earnings per share for the current year.
Insider Transactions at Alight
In other news, COO Katie J. Rooney sold 47,851 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $7.11, for a total value of $340,220.61. Following the sale, the chief operating officer now directly owns 2,880,753 shares of the company's stock, valued at $20,482,153.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.33% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on ALIT shares. Bank of America cut their price target on shares of Alight from $10.00 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, June 25th. Canaccord Genuity Group raised their price target on Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. DA Davidson reaffirmed a "buy" rating and issued a $12.00 price target on shares of Alight in a research note on Thursday, June 20th. Wedbush dropped their price objective on Alight from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, May 10th. Finally, KeyCorp decreased their target price on shares of Alight from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alight has an average rating of "Buy" and a consensus price target of $11.61.
Get Our Latest Stock Report on Alight
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.
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