Alight, Inc. (NYSE:ALIT) Short Interest Update

Alight, Inc. (NYSE:ALIT - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 19,730,000 shares, a decrease of 5.0% from the March 31st total of 20,770,000 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 6,270,000 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analyst Weigh In

ALIT has been the subject of several recent analyst reports. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Alight in a research report on Thursday, April 25th. Canaccord Genuity Group upped their price objective on shares of Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Citigroup reiterated a "buy" rating and set a $12.00 target price on shares of Alight in a research report on Friday, January 5th. UBS Group boosted their price target on shares of Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Finally, Needham & Company LLC raised their price objective on shares of Alight from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $12.71.

Insider Buying and Selling at Alight

In other Alight news, CEO Stephan Scholl sold 428,574 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $9.81, for a total transaction of $4,204,310.94. Following the completion of the transaction, the chief executive officer now owns 8,198,199 shares in the company, valued at $80,424,332.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Katie J. Rooney sold 26,164 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total transaction of $234,167.80. Following the sale, the insider now directly owns 2,963,694 shares in the company, valued at approximately $26,525,061.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephan Scholl sold 428,574 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $9.81, for a total value of $4,204,310.94. Following the completion of the transaction, the chief executive officer now owns 8,198,199 shares of the company's stock, valued at approximately $80,424,332.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,129 shares of company stock valued at $12,449,117. Company insiders own 3.66% of the company's stock.

Institutional Investors Weigh In On Alight

A number of large investors have recently modified their holdings of the stock. Xponance Inc. grew its stake in Alight by 5.7% in the fourth quarter. Xponance Inc. now owns 25,035 shares of the company's stock worth $214,000 after purchasing an additional 1,353 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Alight by 38.9% during the 4th quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company's stock valued at $58,000 after buying an additional 1,897 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Alight by 13.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,315 shares of the company's stock worth $123,000 after buying an additional 2,082 shares during the period. FourThought Financial Partners LLC increased its stake in shares of Alight by 10.2% in the 4th quarter. FourThought Financial Partners LLC now owns 27,673 shares of the company's stock worth $236,000 after acquiring an additional 2,552 shares in the last quarter. Finally, Saxon Interests Inc. lifted its position in Alight by 15.4% during the 1st quarter. Saxon Interests Inc. now owns 19,668 shares of the company's stock valued at $194,000 after acquiring an additional 2,632 shares during the period. Institutional investors own 96.74% of the company's stock.

Alight Trading Down 2.1 %

Shares of NYSE ALIT traded down $0.19 during mid-day trading on Tuesday, hitting $9.02. The stock had a trading volume of 2,163,784 shares, compared to its average volume of 6,387,064. The firm has a market cap of $5.08 billion, a P/E ratio of -16.40, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.27 and a current ratio of 1.27. The business has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $8.50. Alight has a 1 year low of $6.33 and a 1 year high of $10.38.

Alight (NYSE:ALIT - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $960.00 million for the quarter, compared to analysts' expectations of $1.03 billion. Alight had a positive return on equity of 5.09% and a negative net margin of 7.80%. On average, equities analysts anticipate that Alight will post 0.5 EPS for the current fiscal year.

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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