Alight, Inc. (NYSE:ALIT) Stock Holdings Boosted by US Bancorp DE

US Bancorp DE raised its position in shares of Alight, Inc. (NYSE:ALIT) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,980 shares of the company’s stock after purchasing an additional 3,576 shares during the quarter. US Bancorp DE’s holdings in Alight were worth $166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Alight by 94.6% during the 4th quarter. Bank of New York Mellon Corp now owns 4,155,792 shares of the company’s stock valued at $28,758,000 after acquiring an additional 2,020,648 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Alight during the 4th quarter valued at $50,000. Kinney Asset Management LLC lifted its position in shares of Alight by 4.0% during the 4th quarter. Kinney Asset Management LLC now owns 6,497,546 shares of the company’s stock valued at $44,963,000 after acquiring an additional 250,000 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Alight by 107.6% during the 4th 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. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Alight during the 4th quarter valued at $10,853,000. 96.74% of the stock is owned by institutional investors.

Alight Price Performance

ALIT opened at $6.12 on Friday. The stock has a fifty day moving average of $6.68 and a 200-day moving average of $7.09. The firm has a market capitalization of $3.32 billion, a P/E ratio of -20.38 and a beta of 0.94. Alight, Inc. has a 12-month low of $5.87 and a 12-month high of $10.38. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Alight (NYSE:ALIT) last released its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. Equities analysts forecast that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, March 3rd. Alight’s dividend payout ratio (DPR) is presently -53.33%.

Analyst Ratings Changes

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

Insider Transactions at Alight

In related news, Director Robert A. Schriesheim purchased 22,092 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $6.79 per share, with a total value of $150,004.68. Following the completion of the purchase, the director now owns 22,092 shares of the company’s stock, valued at $150,004.68. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Massey bought 100,000 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the transaction, the director now directly owns 1,573,489 shares of the company’s stock, valued at approximately $10,054,594.71. The trade was a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 125,092 shares of company stock valued at $807,755. 5.33% of the stock is owned by insiders.

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.