Janus Henderson Group PLC Has $121.96 Million Stock Holdings in Alight, Inc. (NYSE:ALIT)

Janus Henderson Group PLC increased its stake in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,624,572 shares of the company's stock after purchasing an additional 229,466 shares during the quarter. Janus Henderson Group PLC owned approximately 3.25% of Alight worth $121,961,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ALIT. Barclays PLC boosted its holdings in shares of Alight by 148.2% during the third quarter. Barclays PLC now owns 815,841 shares of the company's stock worth $6,037,000 after purchasing an additional 487,185 shares during the period. Blue Trust Inc. boosted its holdings in shares of Alight by 107.6% during the fourth 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. KBC Group NV boosted its holdings in shares of Alight by 89.2% during the fourth quarter. KBC Group NV now owns 22,802 shares of the company's stock worth $158,000 after purchasing an additional 10,753 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Alight during the fourth quarter worth approximately $893,000. Finally, Samson Rock Capital LLP boosted its holdings in shares of Alight by 110.0% during the fourth quarter. Samson Rock Capital LLP now owns 504,000 shares of the company's stock worth $3,488,000 after purchasing an additional 264,000 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Alight news, Director Robert A. Schriesheim purchased 22,092 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $6.79 per share, for a total transaction of $150,004.68. Following the completion of the purchase, the director now directly owns 22,092 shares of the company's stock, valued at approximately $150,004.68. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Massey purchased 100,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $6.39 per share, for a total transaction of $639,000.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 125,092 shares of company stock valued at $807,755 over the last 90 days. 5.33% of the stock is currently owned by company insiders.

Alight Stock Performance

Shares of NYSE:ALIT traded up $0.03 during trading on Friday, reaching $5.78. The stock had a trading volume of 7,026,055 shares, compared to its average volume of 6,304,135. Alight, Inc. has a 52 week low of $4.49 and a 52 week high of $8.93. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -19.25 and a beta of 0.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $5.49 and a two-hundred day simple moving average of $6.51.

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 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 firm had revenue of $548.00 million during the quarter, compared to the consensus estimate of $542.66 million. During the same period in the prior year, the business 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, analysts anticipate that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 price objective on shares of Alight in a research report on Monday, March 24th. Wedbush cut their price objective on shares of Alight from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, DA Davidson reaffirmed a "buy" rating and set a $10.00 price objective on shares of Alight in a research report 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.94.

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.