XTX Topco Ltd Purchases Shares of 84,893 Alight, Inc. (NYSE:ALIT)

XTX Topco Ltd acquired a new position in Alight, Inc. (NYSE:ALIT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,893 shares of the company's stock, valued at approximately $503,000.

A number of other large investors have also recently made changes to their positions in ALIT. CWM LLC lifted its position in shares of Alight by 364.8% in the first quarter. CWM LLC now owns 5,104 shares of the company's stock valued at $30,000 after acquiring an additional 4,006 shares in the last quarter. GAMMA Investing LLC raised its stake in Alight by 5,505.8% during 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. Public Employees Retirement System of Ohio lifted its holdings in 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 purchasing an additional 2,059 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Alight in the 1st quarter worth approximately $52,000. Finally, Sandia Investment Management LP bought a new position in Alight in the 4th quarter worth approximately $69,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALIT. Wedbush reduced their price objective on shares of Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a research report on Wednesday. Needham & Company LLC reduced their price target on shares of Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Alight from $10.00 to $6.50 and set a "buy" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $8.94.

Insider Buying and Selling

In other news, Director David D. Guilmette acquired 50,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were acquired at an average price of $5.69 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.93% of the stock is owned by insiders.

Alight Stock Performance

Alight stock opened at $3.98 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.16 and a debt-to-equity ratio of 0.64. Alight, Inc. has a twelve month low of $3.95 and a twelve month high of $8.93. The company's 50-day moving average price is $5.46 and its 200-day moving average price is $5.78. The company has a market cap of $2.14 billion, a PE ratio of -1.80 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $528.00 million for the quarter, compared to the consensus estimate of $525.26 million. Alight had a positive return on equity of 6.26% and a negative net margin of 50.37%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.04 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 4.0%. Alight's dividend payout ratio (DPR) is currently -7.24%.

Alight Company 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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