Alight, Inc. $ALIT Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has increased its stake in Alight, Inc. by 8.5%, now holding approximately 4.54% of the company’s shares, valued at $146.2 million.
• Alight recently reported quarterly earnings of $0.10 per share, matching estimates, with revenues of $528 million, a slight decline of 1.9% year over year.
• The company has announced a quarterly dividend of $0.04 per share, representing an annual yield of 4.2%, with a payout ratio of -7.24%.

Dimensional Fund Advisors LP increased its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,649,733 shares of the company's stock after buying an additional 1,930,440 shares during the quarter. Dimensional Fund Advisors LP owned about 4.54% of Alight worth $146,173,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Starboard Value LP grew its stake in shares of Alight by 8.8% in the fourth quarter. Starboard Value LP now owns 47,228,000 shares of the company's stock worth $326,818,000 after purchasing an additional 3,833,000 shares in the last quarter. J. Goldman & Co LP lifted its holdings in Alight by 105.3% in the fourth quarter. J. Goldman & Co LP now owns 5,774,590 shares of the company's stock worth $39,960,000 after purchasing an additional 2,961,443 shares during the period. ArrowMark Colorado Holdings LLC grew its position in Alight by 13.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 24,296,295 shares of the company's stock valued at $168,130,000 after buying an additional 2,901,108 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Alight in the 4th quarter valued at about $19,581,000. Finally, Ameriprise Financial Inc. increased its stake in Alight by 18.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,671,831 shares of the company's stock valued at $87,686,000 after buying an additional 2,015,579 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Alight Stock Down 0.9%

NYSE ALIT opened at $3.8150 on Thursday. Alight, Inc. has a 12 month low of $3.62 and a 12 month high of $8.93. The company has a market capitalization of $2.06 billion, a P/E ratio of -1.73 and a beta of 1.00. The company's 50 day simple moving average is $5.17 and its 200 day simple moving average is $5.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.16 and a quick ratio of 1.16.

Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $525.26 million. Alight had a negative net margin of 50.37% and a positive return on equity of 6.26%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. Equities research analysts expect that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.2%. Alight's payout ratio is -7.24%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALIT. UBS Group decreased their price objective on shares of Alight from $10.00 to $6.50 and set a "buy" rating for the company in a report on Wednesday, August 6th. Wedbush cut their target price on Alight from $9.00 to $7.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Finally, Needham & Company LLC decreased their price target on Alight from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, Alight presently has an average rating of "Buy" and a consensus price target of $9.07.

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.

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