River Road Asset Management LLC Raises Stock Position in Alight, Inc. (NYSE:ALIT)

River Road Asset Management LLC lifted its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,360,406 shares of the company's stock after buying an additional 263,242 shares during the period. Alight makes up approximately 1.1% of River Road Asset Management LLC's holdings, making the stock its 28th largest holding. River Road Asset Management LLC owned about 1.69% of Alight worth $79,844,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALIT. Advisor Group Holdings Inc. increased its holdings in shares of Alight by 65.8% in the first quarter. Advisor Group Holdings Inc. now owns 4,725 shares of the company's stock worth $47,000 after buying an additional 1,875 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of Alight in the first quarter worth about $121,000. Natixis Advisors L.P. increased its holdings in shares of Alight by 20.1% in the first quarter. Natixis Advisors L.P. now owns 166,182 shares of the company's stock worth $1,653,000 after buying an additional 27,810 shares during the period. Rhumbline Advisers purchased a new position in Alight during the 1st quarter valued at about $129,000. Finally, Dimensional Fund Advisors LP purchased a new position in Alight during the 1st quarter valued at about $569,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ALIT shares. Needham & Company LLC boosted their price target on Alight from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Citigroup restated a "buy" rating and set a $12.00 price target on shares of Alight in a report on Friday, January 5th. Canaccord Genuity Group boosted their price target on Alight from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Wedbush boosted their price target on Alight from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Finally, UBS Group boosted their price target on Alight from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $12.71.

Insider Transactions at Alight

In other news, insider Katie J. Rooney sold 26,164 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total value of $234,167.80. Following the sale, the insider now directly owns 2,963,694 shares of the company's stock, valued at approximately $26,525,061.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephan Scholl sold 83,016 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $95.10, for a total value of $7,894,821.60. Following the transaction, the chief executive officer now directly owns 8,115,183 shares of the company's stock, valued at approximately $771,753,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katie J. Rooney sold 26,164 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.95, for a total value of $234,167.80. Following the completion of the transaction, the insider now directly owns 2,963,694 shares in the company, valued at $26,525,061.30. The disclosure for this sale can be found here. Insiders have sold a total of 550,129 shares of company stock valued at $12,449,117 in the last ninety days. 3.66% of the stock is currently owned by corporate insiders.

Alight Stock Performance

Shares of ALIT stock remained flat at $9.04 during midday trading on Wednesday. The company's stock had a trading volume of 2,763,883 shares, compared to its average volume of 6,845,438. Alight, Inc. has a 1 year low of $6.33 and a 1 year high of $10.38. The company has a 50-day simple moving average of $9.32 and a 200 day simple moving average of $8.33. 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 firm has a market cap of $5.09 billion, a price-to-earnings ratio of -16.44, a PEG ratio of 1.40 and a beta of 0.92.

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

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.