129,044 Shares in Alight, Inc. (NYSE:ALIT) Purchased by Heck Capital Advisors LLC

Heck Capital Advisors LLC bought a new position in shares of Alight, Inc. (NYSE:ALIT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 129,044 shares of the company's stock, valued at approximately $893,000.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its position in Alight by 107.6% during the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after purchasing an additional 1,729 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Alight by 40.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company's stock worth $49,000 after buying an additional 2,059 shares during the period. Venturi Wealth Management LLC purchased a new stake in Alight in the 4th quarter worth $50,000. Sandia Investment Management LP acquired a new position in Alight during the fourth quarter worth $69,000. Finally, Headlands Technologies LLC purchased a new position in Alight during the fourth quarter valued at $84,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alight

In other Alight news, Director David D. Guilmette bought 50,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of $5.69 per share, for a total transaction of $284,500.00. Following the completion of the purchase, the director now owns 600,750 shares of the company's stock, valued at approximately $3,418,267.50. This represents a 9.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Schriesheim purchased 22,092 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the acquisition, the director now owns 22,092 shares of the company's stock, valued at approximately $150,004.68. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 175,092 shares of company stock worth $1,092,255 over the last three months. Insiders own 5.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $9.00 price target on shares of Alight in a research report on Monday, March 24th. Wedbush reduced their target price on Alight from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $10.00 price target on shares of Alight in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alight presently has an average rating of "Moderate Buy" and an average target price of $9.94.

Alight Price Performance

Shares of NYSE:ALIT traded down $0.06 during midday trading on Friday, hitting $5.48. The company had a trading volume of 6,077,184 shares, compared to its average volume of 6,357,269. Alight, Inc. has a twelve month low of $4.49 and a twelve month high of $8.93. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -18.27 and a beta of 0.99. 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 business's 50-day simple moving average is $5.37 and its 200-day simple moving average is $6.39.

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

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, June 2nd. Alight's dividend payout ratio (DPR) is -114.29%.

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.