Janus Henderson Group PLC Purchases 229,466 Shares of Alight, Inc. (NYSE:ALIT)

Janus Henderson Group PLC grew its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,624,572 shares of the company's stock after acquiring an additional 229,466 shares during the quarter. Janus Henderson Group PLC owned about 3.25% of Alight worth $121,961,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Alight in the fourth quarter worth approximately $35,045,000. Cooper Creek Partners Management LLC increased its holdings in shares of Alight by 23.1% in the fourth quarter. Cooper Creek Partners Management LLC now owns 17,704,322 shares of the company's stock valued at $122,514,000 after purchasing an additional 3,322,705 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Alight by 214.0% in the 4th quarter. American Century Companies Inc. now owns 4,600,961 shares of the company's stock valued at $31,839,000 after purchasing an additional 3,135,846 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in Alight by 13.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 24,296,295 shares of the company's stock worth $168,130,000 after buying an additional 2,901,108 shares during the period. Finally, BW Gestao de Investimentos Ltda. acquired a new position in Alight in the 4th quarter valued at $19,581,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Alight Stock Up 0.4%

NYSE ALIT traded up $0.03 during trading on Friday, reaching $5.78. 7,026,055 shares of the company's stock traded hands, compared to its average volume of 6,309,851. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -19.25 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. Alight, Inc. has a 12-month low of $4.49 and a 12-month high of $8.93. The company's 50 day simple moving average is $5.50 and its two-hundred day simple moving average is $6.52.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The business had revenue of $548.00 million for the quarter, compared to analysts' expectations of $542.66 million. During the same period in the prior year, the company earned $0.13 EPS. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Alight, Inc. will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.77%. Alight's dividend payout ratio (DPR) is -114.29%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Robert A. Schriesheim acquired 22,092 shares of Alight stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $6.79 per share, for a total transaction of $150,004.68. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Massey purchased 100,000 shares of Alight stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the transaction, the director now directly owns 1,573,489 shares of the company's stock, valued at approximately $10,054,594.71. This represents a 6.79% increase in their position. The disclosure for this purchase can be found here. Insiders bought 125,092 shares of company stock valued at $807,755 over the last quarter. Insiders own 5.33% of the company's stock.

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.