Alight (NYSE:ALIT) Trading Up 7.5% – What’s Next?

Alight, Inc. (NYSE:ALIT)’s stock price was up 7.5% during mid-day trading on Tuesday . The stock traded as high as $1.60 and last traded at $1.6450. Approximately 1,872,515 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 10,027,574 shares. The stock had previously closed at $1.53.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALIT. DA Davidson reiterated a “buy” rating and set a $6.00 price objective on shares of Alight in a research report on Monday, December 8th. Wedbush lowered their price target 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. KeyCorp cut their price objective on shares of Alight from $6.00 to $2.50 and set an “overweight” rating for the company in a research report on Thursday, January 8th. UBS Group decreased their target price on shares of Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alight in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.70.

Alight Stock Performance

The stock’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $3.04. The company has a market cap of $807.80 million, a price-to-earnings ratio of -0.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.21.

Alight (NYSE:ALIT) last issued its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share 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 firm had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $539.43 million. During the same period last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. Equities research analysts anticipate that Alight, Inc. will post 0.54 EPS for the current year.

Alight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.04 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.16 annualized dividend and a yield of 10.6%. Alight’s dividend payout ratio (DPR) is presently -3.91%.

Insider Buying and Selling at Alight

In other Alight news, Director Robert A. Schriesheim acquired 42,098 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was bought at an average cost 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 in the company, valued at $259,729.40. This represents a 62.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Massey purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $2.33 per share, with a total value of $233,000.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at $233,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 193,116 shares of company stock valued at $448,984 over the last ninety days. Corporate insiders own 1.93% of the company’s stock.

Hedge Funds Weigh In On Alight

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in Alight in the first quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Alight by 152.1% in the second quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock valued at $29,000 after purchasing an additional 3,138 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Alight by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 8,100 shares of the company’s stock valued at $46,000 after purchasing an additional 3,300 shares in the last quarter. Danske Bank A S purchased a new stake in Alight during the 3rd quarter worth $31,000. Finally, Evergreen Capital Management LLC acquired a new position in Alight in the 3rd quarter worth $35,000. 96.74% of the stock is owned by institutional investors and hedge funds.

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.