Alight, Inc. (NYSE:ALIT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Alight, Inc. (NYSE:ALIT) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.70.

ALIT has been the topic of a number of analyst reports. DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Alight in a research report on Monday, December 8th. KeyCorp reduced their price target on Alight from $6.00 to $2.50 and set an “overweight” rating on the stock in a research note on Thursday. Wedbush decreased their price objective on Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a research note on Wednesday, October 8th. Finally, UBS Group reduced their target price on Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th.

Alight Stock Performance

NYSE ALIT traded down $0.04 during trading hours on Thursday, hitting $1.72. 4,081,097 shares of the stock were exchanged, compared to its average volume of 11,061,238. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.99. The company has a market cap of $914.44 million, a price-to-earnings ratio of -0.42 and a beta of 1.08. Alight has a 12-month low of $1.67 and a 12-month high of $7.66. The stock has a 50-day moving average of $2.16 and a 200 day moving average of $3.49.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share 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 business had revenue of $533.00 million for the quarter, compared to analyst estimates of $539.43 million. During the same period in the prior year, the company earned $0.09 EPS. 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. As a group, equities research analysts forecast that Alight will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a yield of 9.3%. Alight’s dividend payout ratio (DPR) is currently -3.91%.

Insider Activity at Alight

In other news, Director Robert A. Schriesheim acquired 42,098 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $2.38 per share, for a total transaction of $100,193.24. Following the completion of the purchase, the director directly owned 109,130 shares of the company’s stock, valued at approximately $259,729.40. This trade represents a 62.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Massey acquired 100,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average price of $2.33 per share, for a total transaction of $233,000.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at $233,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 193,116 shares of company stock worth $448,984. 1.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Alight

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss Life Asset Management Ltd raised its position in Alight by 75.9% in the third quarter. Swiss Life Asset Management Ltd now owns 18,868 shares of the company’s stock worth $62,000 after acquiring an additional 8,139 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of Alight in the 3rd quarter valued at $261,000. CIBC Bancorp USA Inc. purchased a new position in Alight in the 3rd quarter worth about $150,000. Alpine Global Management LLC lifted its stake in Alight by 262.9% during the third quarter. Alpine Global Management LLC now owns 690,219 shares of the company’s stock valued at $2,250,000 after buying an additional 500,000 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Alight during the third quarter valued at approximately $31,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Alight Company Profile

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.