Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Alight, Inc. (NYSE:ALIT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Alight, Inc. during Q1, increasing its holdings by purchasing 97,573 shares valued at approximately $579,000.
• Alight's stock recently traded down 5% and has a market cap of $2.74 billion, with a PE ratio of -36.35.
• The company declared a quarterly dividend of $0.04 per share, resulting in an annualized dividend of $0.16 and a yield of 3.1%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Alight, Inc. (NYSE:ALIT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 97,573 shares of the company's stock, valued at approximately $579,000.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Alight by 26.9% during the fourth quarter. Sei Investments Co. now owns 284,164 shares of the company's stock valued at $1,966,000 after buying an additional 60,257 shares during the last quarter. Vanguard Group Inc. lifted its position in Alight by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 40,881,219 shares of the company's stock valued at $282,898,000 after purchasing an additional 292,911 shares during the period. Norges Bank acquired a new position in Alight during the fourth quarter valued at $35,045,000. Pictet Asset Management Holding SA lifted its position in Alight by 9.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 51,138 shares of the company's stock valued at $354,000 after purchasing an additional 4,442 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Alight during the fourth quarter valued at $644,000. Institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wedbush decreased their price objective on shares of Alight from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price objective on shares of Alight in a research report on Friday, June 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.86.

Insider Activity

In other Alight news, Director David D. Guilmette acquired 50,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was bought at an average price of $5.69 per share, with a total value of $284,500.00. Following the completion of the transaction, the director directly owned 600,750 shares of the company's stock, valued at approximately $3,418,267.50. The trade was a 9.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.93% of the stock is owned by insiders.

Alight Trading Down 18.1%

ALIT stock traded down $0.93 on Tuesday, hitting $4.20. 31,737,313 shares of the company were exchanged, compared to its average volume of 7,854,615. Alight, Inc. has a twelve month low of $4.09 and a twelve month high of $8.93. 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 business's fifty day moving average is $5.54 and its two-hundred day moving average is $5.83. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -30.00 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last released 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 negative net margin of 2.65% and a positive return on equity of 5.74%. The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $525.26 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current 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 given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.16 annualized dividend and a dividend yield of 3.8%. Alight's dividend payout ratio is presently -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.