79,481 Shares in Alight, Inc. (NYSE:ALIT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Alight, Inc. (NYSE:ALIT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 79,481 shares of the company’s stock, valued at approximately $588,000.

A number of other large investors have also recently made changes to their positions in ALIT. Nisa Investment Advisors LLC grew its position in shares of Alight by 65.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company’s stock worth $55,000 after buying an additional 2,961 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Alight in the 3rd quarter worth approximately $74,000. KBC Group NV grew its position in shares of Alight by 24.0% in the 3rd quarter. KBC Group NV now owns 12,049 shares of the company’s stock worth $89,000 after buying an additional 2,331 shares during the last quarter. Soros Fund Management LLC bought a new stake in shares of Alight in the 3rd quarter worth approximately $89,000. Finally, FMR LLC grew its position in shares of Alight by 44.4% in the 3rd quarter. FMR LLC now owns 11,995 shares of the company’s stock worth $89,000 after buying an additional 3,689 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Alight Trading Down 0.7 %

Shares of NYSE ALIT opened at $7.16 on Friday. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38. The stock has a market cap of $3.89 billion, a P/E ratio of -14.92 and a beta of 0.92. The firm has a 50-day moving average of $7.46 and a 200 day moving average of $7.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

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

Alight Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, December 2nd.

Insiders Place Their Bets

In other news, insider Gregory A. George sold 84,929 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the transaction, the insider now directly owns 223,327 shares of the company’s stock, valued at $1,697,285.20. The trade was a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William P. Foley II sold 5,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total transaction of $41,250,000.00. Following the transaction, the director now directly owns 883,323 shares of the company’s stock, valued at $7,287,414.75. The trade was a 84.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,334,929 shares of company stock valued at $43,895,460. Insiders own 5.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALIT shares. KeyCorp lifted their price objective on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup decreased their price objective on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Canaccord Genuity Group increased their price objective on Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC increased their price objective on Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price target for the company. in a research report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.83.

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.