Xponance Inc. Has $214,000 Holdings in Alight, Inc. (NYSE:ALIT)

Xponance Inc. raised its position in Alight, Inc. (NYSE:ALIT) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,035 shares of the company’s stock after acquiring an additional 1,353 shares during the period. Xponance Inc.’s holdings in Alight were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC grew its stake in Alight by 2.9% in the fourth quarter. River Road Asset Management LLC now owns 9,360,406 shares of the company’s stock valued at $79,844,000 after acquiring an additional 263,242 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Alight by 8.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,077 shares of the company’s stock valued at $512,000 after purchasing an additional 4,892 shares in the last quarter. Strs Ohio lifted its holdings in shares of Alight by 30.6% in the fourth quarter. Strs Ohio now owns 24,300 shares of the company’s stock valued at $207,000 after purchasing an additional 5,700 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Alight by 5.6% in the fourth quarter. Arizona State Retirement System now owns 97,284 shares of the company’s stock valued at $830,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Saxon Interests Inc. bought a new position in shares of Alight in the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup restated a “buy” rating and issued a $12.00 target price on shares of Alight in a report on Friday, January 5th. Canaccord Genuity Group raised their target price on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of Alight in a report on Thursday. Needham & Company LLC lifted their price target on Alight from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, UBS Group lifted their price target on Alight from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $12.71.

Insider Buying and Selling at Alight

In other Alight news, insider Katie J. Rooney sold 7,100 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $9.00, for a total value of $63,900.00. Following the sale, the insider now directly owns 2,999,434 shares in the company, valued at $26,994,906. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Katie J. Rooney sold 26,164 shares of Alight stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total value of $234,167.80. Following the completion of the transaction, the insider now directly owns 2,963,694 shares in the company, valued at $26,525,061.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Katie J. Rooney sold 7,100 shares of Alight stock in a transaction on Monday, February 5th. The shares were sold at an average price of $9.00, for a total value of $63,900.00. Following the completion of the transaction, the insider now owns 2,999,434 shares of the company’s stock, valued at $26,994,906. The disclosure for this sale can be found here. Insiders have sold a total of 550,129 shares of company stock worth $12,449,117 over the last ninety days. 3.96% of the stock is currently owned by company insiders.

Alight Price Performance

Shares of Alight stock opened at $9.11 on Friday. The business’s fifty day simple moving average is $9.28 and its 200 day simple moving average is $8.45. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.58. Alight, Inc. has a 12 month low of $6.33 and a 12 month high of $10.38.

Alight (NYSE:ALIT) last issued its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $1.03 billion. Alight had a positive return on equity of 5.09% and a negative net margin of 7.80%. Research analysts expect that Alight, Inc. will post 0.5 earnings per share for the current fiscal year.

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.