Kirr Marbach & Co. LLC IN Grows Stake in Alight, Inc. (NYSE:ALIT)

Kirr Marbach & Co. LLC IN lifted its position in Alight, Inc. (NYSE:ALIT - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 765,311 shares of the company's stock after acquiring an additional 76,385 shares during the period. Kirr Marbach & Co. LLC IN owned 0.14% of Alight worth $4,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ALIT. Blue Trust Inc. boosted its holdings in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after purchasing an additional 1,729 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Alight by 5,505.8% in the first 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 last quarter. Public Employees Retirement System of Ohio boosted its holdings in Alight by 40.8% in the fourth 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 last quarter. Venturi Wealth Management LLC purchased a new stake in Alight in the fourth quarter valued at $50,000. Finally, FNY Investment Advisers LLC purchased a new stake in Alight in the first quarter valued at $52,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALIT shares. Needham & Company LLC reissued a "buy" rating and set a $8.00 target price on shares of Alight in a research note on Friday. Wedbush lowered their target price on shares of Alight from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, DA Davidson reissued a "buy" rating and set a $10.00 target price on shares of Alight in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.81.

Insider Transactions at Alight

In related news, Director David D. Guilmette bought 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average cost of $5.69 per share, for a total transaction of $284,500.00. Following the completion of the acquisition, the director now owns 600,750 shares in the company, valued at approximately $3,418,267.50. This trade represents a 9.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.93% of the company's stock.

Alight Trading Down 0.4%

ALIT opened at $5.38 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. The company's 50 day simple moving average is $5.36 and its two-hundred day simple moving average is $6.09. Alight, Inc. has a 1-year low of $4.49 and a 1-year high of $8.93. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -38.43 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $548.00 million for the quarter, compared to analysts' expectations of $542.66 million. Alight had a negative net margin of 2.65% and a positive return on equity of 5.74%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. Analysts expect that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.16 annualized dividend and a dividend yield of 2.97%. Alight's dividend payout ratio is currently -114.29%.

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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