KBC Group NV Has $89,000 Stock Holdings in Alight, Inc. (NYSE:ALIT)

KBC Group NV grew its position in Alight, Inc. (NYSE:ALIT) by 24.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,049 shares of the company’s stock after purchasing an additional 2,331 shares during the period. KBC Group NV’s holdings in Alight were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALIT. Vanguard Group Inc. boosted its holdings in Alight by 8.1% in the first quarter. Vanguard Group Inc. now owns 38,041,368 shares of the company’s stock valued at $374,707,000 after acquiring an additional 2,842,454 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Alight by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 21,066,092 shares of the company’s stock valued at $155,463,000 after purchasing an additional 3,342,413 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Alight by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 19,060,481 shares of the company’s stock valued at $187,745,000 after purchasing an additional 331,303 shares during the last quarter. River Road Asset Management LLC grew its position in shares of Alight by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 9,988,254 shares of the company’s stock worth $73,913,000 after buying an additional 286,133 shares during the period. Finally, Rubric Capital Management LP bought a new stake in shares of Alight during the second quarter worth approximately $62,162,000. Institutional investors own 96.74% of the company’s stock.

Alight Price Performance

Shares of ALIT opened at $7.98 on Friday. The stock has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $7.37. 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 1.30 and a current ratio of 1.30. The firm has a market capitalization of $4.36 billion, a PE ratio of -16.62 and a beta of 0.87.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The firm had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Sell-side analysts predict that Alight, Inc. will post 0.42 EPS for the current fiscal year.

Alight Announces Dividend

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 dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd.

Analyst Upgrades and Downgrades

ALIT has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on shares of Alight from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their price target on Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. KeyCorp upped their price objective on Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Citigroup cut their target price on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Wedbush lowered their price target on Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.95.

Insider Buying and Selling at Alight

In other news, Director William P. Foley II sold 5,000,000 shares of Alight stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total value of $41,250,000.00. Following the sale, the director now directly owns 883,323 shares in the company, valued at $7,287,414.75. This trade represents a 84.99 % 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, insider Gregory A. George sold 84,929 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the sale, the insider now directly owns 223,327 shares in the company, valued at approximately $1,697,285.20. This represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.33% of the company’s stock.

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.