Alight, Inc. $ALIT Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Alight, Inc. by 10.3% in the first quarter, owning approximately 1,855,854 shares valued at about $11 million.
• Alight’s recent quarterly earnings report showed an EPS of $0.10, meeting expectations, while revenue decreased 1.9% year-over-year to $528 million.
• The company announced a $0.04 quarterly dividend, representing a 4.4% yield, to be paid to shareholders on September 15th.

Deutsche Bank AG increased its position in Alight, Inc. (NYSE:ALIT - Free Report) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,855,854 shares of the company's stock after acquiring an additional 172,919 shares during the period. Deutsche Bank AG owned approximately 0.34% of Alight worth $11,005,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in shares of Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company's stock worth $30,000 after acquiring an additional 4,006 shares during the period. Public Employees Retirement System of Ohio grew its holdings 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 worth $49,000 after acquiring an additional 2,059 shares during the period. GAMMA Investing LLC grew its holdings 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 worth $46,000 after acquiring an additional 7,653 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Alight in the 1st quarter worth approximately $52,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Alight in the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Alight Trading Down 0.6%

Shares of ALIT stock traded down $0.0250 during mid-day trading on Tuesday, hitting $3.8750. 2,232,034 shares of the company's stock were exchanged, compared to its average volume of 8,049,712. Alight, Inc. has a fifty-two week low of $3.62 and a fifty-two week high of $8.93. The stock has a 50-day simple moving average of $5.23 and a two-hundred day simple moving average of $5.61. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -1.75 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $525.26 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. Equities analysts expect that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 annualized dividend and a dividend yield of 4.1%. Alight's dividend payout ratio (DPR) is -7.24%.

Analyst Ratings Changes

A number of research firms recently weighed in on ALIT. UBS Group lowered their price target on Alight from $10.00 to $6.50 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Wedbush lowered their target price on Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Finally, Needham & Company LLC lowered their target price on Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.94.

About Alight

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.