Deutsche Bank AG Has $11.65 Million Stock Position in Alight, Inc. (NYSE:ALIT)

Deutsche Bank AG decreased its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 69.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,682,935 shares of the company's stock after selling 3,825,794 shares during the quarter. Deutsche Bank AG owned 0.31% of Alight worth $11,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new stake in Alight in the fourth quarter worth $183,000. Cresset Asset Management LLC acquired a new stake in Alight in the fourth quarter worth $242,000. Bridgefront Capital LLC acquired a new stake in Alight in the fourth quarter worth $354,000. BW Gestao de Investimentos Ltda. acquired a new stake in Alight in the fourth quarter worth $19,581,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Alight during the fourth quarter worth about $825,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Analyst Ratings Changes

ALIT has been the topic of a number of research analyst reports. Wedbush dropped their price target on Alight from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. DA Davidson reaffirmed a "buy" rating and set a $10.00 price target on shares of Alight in a research report on Wednesday, March 26th. Finally, Needham & Company LLC restated a "buy" rating and set a $9.00 price objective on shares of Alight in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Alight currently has a consensus rating of "Moderate Buy" and an average target price of $9.94.

Alight Stock Down 1.0%

ALIT stock traded down $0.06 during midday trading on Monday, hitting $5.70. The company's stock had a trading volume of 5,951,902 shares, compared to its average volume of 6,302,726. The stock has a market capitalization of $3.10 billion, a P/E ratio of -19.00 and a beta of 0.99. Alight, Inc. has a twelve month low of $4.49 and a twelve month high of $8.93. The company's fifty day moving average price is $5.49 and its 200 day moving average price is $6.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $548.00 million for the quarter, compared to analyst estimates of $542.66 million. Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, equities research analysts predict that Alight, Inc. will post 0.54 EPS for the current year.

Alight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.04 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.81%. Alight's dividend payout ratio (DPR) is currently -114.29%.

Insider Buying and Selling at Alight

In related news, Director Richard N. Massey bought 100,000 shares of Alight stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $6.39 per share, with a total value of $639,000.00. Following the acquisition, the director now owns 1,573,489 shares in the company, valued at $10,054,594.71. This trade represents a 6.79% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert A. Schriesheim purchased 22,092 shares of Alight stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $6.79 per share, for a total transaction of $150,004.68. Following the transaction, the director now directly owns 22,092 shares in the company, valued at $150,004.68. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 125,092 shares of company stock valued at $807,755 in the last ninety days. 5.33% of the stock is currently owned by corporate insiders.

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.