Dimensional Fund Advisors LP Acquires 1,930,440 Shares of Alight, Inc. $ALIT

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

A number of other institutional investors have also recently made changes to their positions in ALIT. CWM LLC lifted its stake in shares of Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company's stock valued at $30,000 after purchasing an additional 4,006 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Alight by 82.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company's stock valued at $31,000 after purchasing an additional 2,348 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Alight by 40.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company's stock valued at $49,000 after purchasing an additional 2,059 shares during the period. GAMMA Investing LLC lifted its stake in shares of Alight by 5,505.8% in the 1st quarter. GAMMA Investing LLC now owns 7,792 shares of the company's stock valued at $46,000 after purchasing an additional 7,653 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Alight in the 1st quarter valued at about $52,000. Institutional investors own 96.74% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALIT. Needham & Company LLC dropped their price target on Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. UBS Group dropped their price target on Alight from $10.00 to $6.50 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Finally, Wedbush dropped their price target on Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $9.07.

Alight Stock Performance

NYSE:ALIT traded up $0.03 during trading hours on Tuesday, reaching $3.84. The stock had a trading volume of 6,765,758 shares, compared to its average volume of 9,865,464. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day simple moving average of $5.05 and a 200 day simple moving average of $5.50. Alight, Inc. has a 12-month low of $3.62 and a 12-month high of $8.93. The stock has a market cap of $2.07 billion, a P/E ratio of -1.74 and a beta of 1.00.

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

Alight Dividend Announcement

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

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.