Barclays PLC Boosts Stock Holdings in Alight, Inc. (NYSE:ALIT)

Barclays PLC grew its position in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 121.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,808,037 shares of the company's stock after purchasing an additional 992,196 shares during the period. Barclays PLC owned approximately 0.33% of Alight worth $12,512,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in Alight by 107.6% in the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after acquiring an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Alight by 65.5% in the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company's stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Alight during the 4th quarter worth approximately $50,000. Headlands Technologies LLC acquired a new stake in Alight during the 4th quarter worth approximately $84,000. Finally, FMR LLC boosted its position in Alight by 44.4% in the 3rd quarter. FMR LLC now owns 11,995 shares of the company's stock valued at $89,000 after buying an additional 3,689 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alight

In other Alight news, Director Richard N. Massey acquired 100,000 shares of the stock in a transaction on 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 transaction, the director now owns 1,573,489 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, Director Robert A. Schriesheim bought 22,092 shares of Alight stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $6.79 per share, with a total value of $150,004.68. Following the completion of the acquisition, the director now directly owns 22,092 shares of the company's stock, valued at approximately $150,004.68. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 125,092 shares of company stock worth $807,755. Insiders own 5.33% of the company's stock.

Wall Street Analysts Forecast Growth

ALIT has been the topic of several analyst reports. DA Davidson reiterated a "buy" rating and issued a $10.00 price objective on shares of Alight in a research note on Wednesday, March 26th. Needham & Company LLC reiterated a "buy" rating and issued a $9.00 price objective on shares of Alight in a research note on Monday, March 24th. Finally, Wedbush reissued an "outperform" rating and set a $11.00 price objective on shares of Alight in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Alight has an average rating of "Moderate Buy" and a consensus target price of $10.19.

Alight Stock Down 0.4 %

Shares of NYSE:ALIT traded down $0.02 during trading on Friday, hitting $5.25. 7,689,725 shares of the company were exchanged, compared to its average volume of 6,241,827. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The firm's 50 day moving average price is $5.83 and its 200-day moving average price is $6.69. The stock has a market capitalization of $2.85 billion, a P/E ratio of -17.50 and a beta of 0.97. Alight, Inc. has a 12-month low of $4.49 and a 12-month high of $9.45.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.04). The company had revenue of $680.00 million during the quarter, compared to analysts' expectations of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Monday, March 3rd. Alight's payout ratio is currently -53.33%.

Alight 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.