Alight (NYSE:ALIT) Trading Down 3.5% – Time to Sell?

Shares of Alight, Inc. (NYSE:ALIT) fell 3.5% on Thursday . The company traded as low as $2.05 and last traded at $2.0450. 1,414,554 shares traded hands during trading, a decline of 84% from the average session volume of 8,883,427 shares. The stock had previously closed at $2.12.

Analyst Upgrades and Downgrades

ALIT has been the subject of a number of recent analyst reports. Wedbush lowered their target price on shares of Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. UBS Group reduced their price target on Alight from $6.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and issued a $6.00 target price on shares of Alight in a research note on Monday, December 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.25.

Alight Stock Down 5.1%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -0.47 and a beta of 1.09. The business’s 50 day moving average is $2.45 and its 200 day moving average is $3.81.

Alight (NYSE:ALIT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $539.43 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. Sell-side analysts anticipate that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 8.3%. Alight’s dividend payout ratio is currently -3.91%.

Insider Buying and Selling

In other news, Director Richard N. Massey bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average price of $2.33 per share, for a total transaction of $233,000.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately $233,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert A. Schriesheim acquired 42,098 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $2.38 per share, for a total transaction of $100,193.24. Following the completion of the acquisition, the director directly owned 109,130 shares in the company, valued at approximately $259,729.40. The trade was a 62.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 193,116 shares of company stock valued at $448,984 over the last quarter. 1.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alight

Several hedge funds have recently modified their holdings of ALIT. Geode Capital Management LLC lifted its holdings in Alight by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 10,413,720 shares of the company’s stock valued at $58,950,000 after purchasing an additional 135,109 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Alight by 270.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 361,165 shares of the company’s stock worth $2,044,000 after buying an additional 263,592 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Alight by 14.0% in the second quarter. Prudential Financial Inc. now owns 1,183,796 shares of the company’s stock valued at $6,700,000 after buying an additional 145,606 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Alight by 9.2% in the second quarter. American Century Companies Inc. now owns 7,557,788 shares of the company’s stock worth $42,777,000 after buying an additional 637,142 shares in the last quarter. Finally, Stanley Capital Management LLC boosted its position in Alight by 47.6% during the first quarter. Stanley Capital Management LLC now owns 3,100,835 shares of the company’s stock worth $18,388,000 after acquiring an additional 1,000,000 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

About Alight

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.