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

US Bancorp DE increased its holdings in Alight, Inc. (NYSE:ALIT) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,980 shares of the company’s stock after acquiring an additional 3,576 shares during the quarter. US Bancorp DE’s holdings in Alight were worth $166,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Alight by 1.2% in the third quarter. State Street Corp now owns 11,905,766 shares of the company’s stock worth $88,103,000 after acquiring an additional 141,828 shares in the last quarter. Rubric Capital Management LP raised its stake in Alight by 38.3% during the third quarter. Rubric Capital Management LP now owns 11,646,679 shares of the company’s stock valued at $86,185,000 after buying an additional 3,223,617 shares in the last quarter. Geode Capital Management LLC raised its stake in Alight by 0.8% during the third quarter. Geode Capital Management LLC now owns 10,068,446 shares of the company’s stock valued at $74,521,000 after buying an additional 77,948 shares in the last quarter. Kinney Asset Management LLC raised its stake in Alight by 4.0% during the fourth quarter. Kinney Asset Management LLC now owns 6,497,546 shares of the company’s stock valued at $44,963,000 after buying an additional 250,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Alight by 16.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,898,593 shares of the company’s stock valued at $36,250,000 after buying an additional 699,375 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Alight Stock Up 3.5 %

NYSE:ALIT opened at $6.12 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of -20.38 and a beta of 0.94. The stock has a 50 day moving average of $6.68 and a 200-day moving average of $7.09. Alight, Inc. has a 52 week low of $5.87 and a 52 week high of $10.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46.

Alight (NYSE:ALIT) last issued its quarterly earnings data 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). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $675.66 million. Analysts predict that Alight, Inc. will post 0.54 EPS for the current year.

Alight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, March 3rd. Alight’s dividend payout ratio (DPR) is -53.33%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Robert A. Schriesheim purchased 22,092 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $6.79 per share, with a total value of $150,004.68. Following the purchase, the director now owns 22,092 shares in the company, valued at $150,004.68. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Massey purchased 100,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $6.39 per share, with a total value of $639,000.00. Following the completion of the purchase, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 125,092 shares of company stock valued at $807,755 in the last three months. 5.33% of the stock is currently owned by corporate insiders.

Alight Company 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.