Alight, Inc. (NYSE:ALIT) Shares Acquired by US Bancorp DE

US Bancorp DE raised its position in shares of Alight, Inc. (NYSE:ALIT) by 3,543.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,404 shares of the company’s stock after purchasing an additional 19,844 shares during the period. US Bancorp DE’s holdings in Alight were worth $151,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Alight by 54.0% during the third quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company’s stock valued at $85,000 after purchasing an additional 4,049 shares during the period. Brighton Jones LLC bought a new stake in shares of Alight during the 3rd quarter worth about $1,861,000. Kirr Marbach & Co. LLC IN lifted its stake in shares of Alight by 0.7% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 695,458 shares of the company’s stock worth $5,146,000 after acquiring an additional 4,920 shares during the period. Creative Planning boosted its holdings in shares of Alight by 50.8% in the third quarter. Creative Planning now owns 112,805 shares of the company’s stock valued at $835,000 after acquiring an additional 38,024 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Alight by 10.4% during the third quarter. Wedge Capital Management L L P NC now owns 645,232 shares of the company’s stock valued at $4,775,000 after acquiring an additional 60,658 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Alight Stock Down 2.0 %

Shares of NYSE:ALIT opened at $7.73 on Friday. The firm has a 50 day simple moving average of $7.28 and a 200 day simple moving average of $7.41. Alight, Inc. has a 52 week low of $6.15 and a 52 week high of $10.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.37 and a current ratio of 1.30. The company has a market cap of $4.22 billion, a PE ratio of -16.10 and a beta of 0.87.

Alight (NYSE:ALIT) last released its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The company had revenue of $555.00 million during the quarter, compared to analyst estimates of $538.39 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts expect that Alight, Inc. will post 0.42 earnings per share for the current year.

Alight Announces Dividend

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

Insider Activity

In other news, Director William P. Foley II sold 5,000,000 shares of the business’s stock in a transaction 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 in the company, valued at $7,287,414.75. The trade was a 84.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALIT has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp raised their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup lowered their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC increased their target price on shares of Alight from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wedbush decreased their price target on shares of Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.95.

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.