American Century Companies Inc. Acquires 637,142 Shares of Alight, Inc. $ALIT

American Century Companies Inc. grew its stake in shares of Alight, Inc. (NYSE:ALIT) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,557,788 shares of the company’s stock after buying an additional 637,142 shares during the quarter. American Century Companies Inc. owned 1.40% of Alight worth $42,777,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Alberta Investment Management Corp bought a new position in Alight during the 2nd quarter worth approximately $12,028,000. Nuveen LLC purchased a new stake in Alight during the 1st quarter valued at $11,707,000. Dimensional Fund Advisors LP boosted its position in Alight by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,649,733 shares of the company’s stock valued at $146,173,000 after buying an additional 1,930,440 shares during the period. Vanguard Group Inc. grew its holdings in Alight by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 42,429,297 shares of the company’s stock worth $251,606,000 after acquiring an additional 1,548,078 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Alight by 22.3% in the first quarter. Neuberger Berman Group LLC now owns 5,985,157 shares of the company’s stock valued at $35,509,000 after acquiring an additional 1,092,567 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Stock Down 1.2%

ALIT stock opened at $2.30 on Friday. The business has a 50 day moving average of $2.77 and a 200 day moving average of $4.17. The firm has a market cap of $1.23 billion, a PE ratio of -0.56 and a beta of 1.02. Alight, Inc. has a twelve month low of $1.89 and a twelve month high of $8.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.99.

Alight (NYSE:ALIT) last released its earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $539.43 million. During the same period in the prior year, the company posted $0.09 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, research analysts forecast that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 7.0%. Alight’s dividend payout ratio (DPR) is presently -3.91%.

Insiders Place Their Bets

In related news, Director Kausik Rajgopal bought 40,000 shares of the stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of $2.24 per share, for a total transaction of $89,600.00. Following the purchase, the director owned 125,202 shares of the company’s stock, valued at approximately $280,452.48. The trade was a 46.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALIT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. UBS Group cut their price target on shares of Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. DA Davidson reissued a “buy” rating and set a $6.00 price objective on shares of Alight in a research report on Tuesday. Wedbush decreased their price objective on shares of Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Needham & Company LLC reduced their price target on shares of Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alight has an average rating of “Moderate Buy” and a consensus price target of $5.25.

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.