Alight, Inc. $ALIT Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in shares of Alight, Inc. (NYSE:ALIT) by 15.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,600 shares of the company’s stock after purchasing an additional 13,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Alight were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank increased its position in Alight by 17.2% during the first quarter. Amalgamated Bank now owns 14,534 shares of the company’s stock worth $86,000 after purchasing an additional 2,133 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Alight by 82.8% during the first 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 during the last quarter. Winslow Asset Management Inc. increased its position in Alight by 18.6% during the first quarter. Winslow Asset Management Inc. now owns 15,905 shares of the company’s stock worth $94,000 after purchasing an additional 2,500 shares during the last quarter. CWM LLC increased its position in Alight by 364.8% during the first quarter. CWM LLC now owns 5,104 shares of the company’s stock worth $30,000 after purchasing an additional 4,006 shares during the last quarter. Finally, Strs Ohio acquired a new position in Alight during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ALIT. Weiss Ratings reissued a “sell (d-)” rating on shares of Alight in a research report on Wednesday, October 8th. UBS Group dropped their price objective on shares of Alight from $10.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Needham & Company LLC dropped their price objective on shares of Alight from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Wedbush dropped their price objective on shares of Alight from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.75.

Alight Price Performance

Shares of ALIT stock opened at $2.98 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of -1.35 and a beta of 1.02. The firm has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $4.72. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. Alight, Inc. has a twelve month low of $2.91 and a twelve month high of $8.93.

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

Alight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.04 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.4%. Alight’s dividend payout ratio is -7.24%.

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.