Focus Partners Advisor Solutions LLC Makes New $130,000 Investment in Alight, Inc. $ALIT

Focus Partners Advisor Solutions LLC acquired a new stake in Alight, Inc. (NYSE:ALIT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 22,884 shares of the company’s stock, valued at approximately $130,000.

A number of other large investors also recently added to or reduced their stakes in ALIT. Strs Ohio purchased a new position in Alight in the 1st quarter worth approximately $25,000. CWM LLC boosted its stake in shares of Alight by 364.8% during the first quarter. CWM LLC now owns 5,104 shares of the company’s stock valued at $30,000 after purchasing an additional 4,006 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Alight by 82.8% in 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. HB Wealth Management LLC purchased a new position in shares of Alight in the second quarter worth $62,000. Finally, Jones Financial Companies Lllp raised its holdings in Alight by 1,776.2% during the 1st quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock valued at $67,000 after buying an additional 10,657 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALIT. UBS Group cut their price target on shares of Alight from $10.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Needham & Company LLC cut their target price on Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Wedbush lowered their price target on Alight from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Alight Stock Up 2.3%

ALIT stock opened at $2.87 on Friday. Alight, Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $8.93. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -1.30 and a beta of 1.02. The business’s 50 day moving average price is $3.35 and its two-hundred day moving average price is $4.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.16.

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

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.