Atria Investments Inc Purchases 4,993 Shares of Alight, Inc. (NYSE:ALIT)

Atria Investments Inc lifted its position in Alight, Inc. (NYSE:ALIT) by 15.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,137 shares of the company’s stock after acquiring an additional 4,993 shares during the period. Atria Investments Inc’s holdings in Alight were worth $264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $25,000 after purchasing an additional 1,729 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Alight by 65.5% during the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Alight in the 4th quarter worth approximately $50,000. Oppenheimer & Co. Inc. bought a new position in Alight during the 3rd quarter valued at approximately $74,000. Finally, KBC Group NV raised its stake in Alight by 24.0% during the third quarter. KBC Group NV now owns 12,049 shares of the company’s stock valued at $89,000 after buying an additional 2,331 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Insider Buying and Selling

In other Alight news, Director Robert A. Schriesheim acquired 22,092 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $6.79 per share, with a total value of $150,004.68. Following the completion of the acquisition, the director now owns 22,092 shares in the company, valued at $150,004.68. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Massey bought 100,000 shares of Alight stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $6.39 per share, with a total value of $639,000.00. Following the completion of the acquisition, the director now owns 1,573,489 shares of the company’s stock, valued at $10,054,594.71. The trade was a 6.79 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 125,092 shares of company stock valued at $807,755 over the last 90 days. Company insiders own 5.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Alight in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.61.

Alight Price Performance

NYSE ALIT opened at $6.35 on Tuesday. Alight, Inc. has a one year low of $5.87 and a one year high of $10.38. The stock has a 50-day moving average of $6.66 and a 200 day moving average of $7.08. 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 company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -21.15 and a beta of 0.94.

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

Alight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.52%. Alight’s dividend payout ratio (DPR) is currently -53.33%.

About Alight

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.