Vident Advisory LLC Makes New $92,000 Investment in Alight, Inc. $ALIT

Vident Advisory LLC purchased a new position in Alight, Inc. (NYSE:ALIT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,583 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company’s stock worth $30,000 after purchasing an additional 4,006 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Alight by 82.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company’s stock worth $31,000 after purchasing an additional 2,348 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Alight by 40.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company’s stock worth $49,000 after purchasing an additional 2,059 shares in the last quarter. GAMMA Investing LLC increased its stake in Alight by 5,505.8% in the 1st quarter. GAMMA Investing LLC now owns 7,792 shares of the company’s stock worth $46,000 after purchasing an additional 7,653 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Alight in the 1st quarter worth about $52,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALIT shares. Needham & Company LLC dropped their price target on Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Wedbush dropped their price target on Alight from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Finally, UBS Group dropped their price target on Alight from $10.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $8.75.

Alight Trading Down 3.4%

Shares of NYSE ALIT opened at $3.59 on Thursday. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $5.29. Alight, Inc. has a 52 week low of $3.56 and a 52 week high of $8.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -1.62 and a beta of 1.01.

Alight (NYSE:ALIT) last posted its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Alight had a positive return on equity of 6.26% and a negative net margin of 50.37%.The firm had revenue of $528.00 million during the quarter, compared to analyst estimates of $525.26 million. During the same period in the previous year, the company earned $0.05 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. On average, research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.5%. Alight’s payout ratio is -7.24%.

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.