Alight, Inc. (NYSE:ALIT) Stock Position Decreased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in Alight, Inc. (NYSE:ALIT) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,937,596 shares of the company’s stock after selling 794,715 shares during the quarter. Loomis Sayles & Co. L P owned about 0.54% of Alight worth $21,738,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ALIT. Nisa Investment Advisors LLC raised its holdings in Alight by 65.3% during the second quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company’s stock valued at $55,000 after buying an additional 2,961 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Alight during the 3rd quarter valued at about $74,000. KBC Group NV raised its stake in shares of Alight by 24.0% in the 3rd quarter. KBC Group NV now owns 12,049 shares of the company’s stock valued at $89,000 after acquiring an additional 2,331 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in Alight by 20.9% in the 2nd quarter. Ingalls & Snyder LLC now owns 12,919 shares of the company’s stock worth $95,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Alight during the third quarter worth approximately $105,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Alight Stock Down 0.9 %

Shares of NYSE ALIT opened at $8.02 on Wednesday. Alight, Inc. has a one year low of $6.15 and a one year high of $10.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The business has a fifty day simple moving average of $7.36 and a 200 day simple moving average of $7.35.

Alight (NYSE:ALIT) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The company had revenue of $555.00 million during the quarter, compared to the consensus estimate of $538.39 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts expect that Alight, Inc. will post 0.47 earnings per share for the current fiscal year.

Alight Announces Dividend

The business also recently announced a — dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd.

Insider Buying and Selling

In related news, Director William P. Foley II sold 5,000,000 shares of Alight stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $8.25, for a total transaction of $41,250,000.00. Following the completion of the transaction, the director now directly owns 883,323 shares of the company’s stock, valued at $7,287,414.75. This trade represents a 84.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gregory A. George sold 84,929 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the transaction, the insider now owns 223,327 shares in the company, valued at approximately $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALIT shares. JPMorgan Chase & Co. cut shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Tuesday, August 20th. Wedbush cut their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity Group raised their price target on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Needham & Company LLC increased their target price on Alight from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.95.

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.