Russell Investments Group Ltd. Buys 245,277 Shares of Alight, Inc. (NYSE:ALIT)

Russell Investments Group Ltd. increased its holdings in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 940,672 shares of the company's stock after purchasing an additional 245,277 shares during the period. Russell Investments Group Ltd. owned 0.17% of Alight worth $8,024,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Fidelity National Financial Inc. raised its holdings in Alight by 33.3% in the 3rd quarter. Fidelity National Financial Inc. now owns 20,000,000 shares of the company's stock valued at $141,800,000 after acquiring an additional 5,000,000 shares during the period. Boston Partners increased its stake in shares of Alight by 179.6% during the third quarter. Boston Partners now owns 2,819,361 shares of the company's stock worth $19,847,000 after purchasing an additional 1,811,141 shares during the period. Vanguard Group Inc. lifted its holdings in Alight by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 34,651,300 shares of the company's stock worth $245,678,000 after purchasing an additional 792,348 shares during the last quarter. Monashee Investment Management LLC boosted its stake in Alight by 476.0% in the 3rd quarter. Monashee Investment Management LLC now owns 957,878 shares of the company's stock valued at $6,791,000 after purchasing an additional 791,590 shares during the period. Finally, Bullseye Asset Management LLC grew its holdings in Alight by 414.6% in the 3rd quarter. Bullseye Asset Management LLC now owns 396,425 shares of the company's stock valued at $2,811,000 after buying an additional 319,386 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Alight Price Performance

Shares of Alight stock traded down $1.50 on Wednesday, reaching $7.79. 27,226,705 shares of the stock were exchanged, compared to its average volume of 6,526,150. 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 $4.38 billion, a PE ratio of -14.62, a P/E/G ratio of 1.81 and a beta of 0.94. The firm's 50 day moving average is $9.27 and its 200-day moving average is $8.58. Alight, Inc. has a one year low of $6.33 and a one year high of $10.38.

Alight (NYSE:ALIT - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.03 billion. As a group, analysts anticipate that Alight, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALIT shares. Wedbush reissued an "outperform" rating and set a $14.00 target price on shares of Alight in a report on Thursday, April 25th. Canaccord Genuity Group increased their target price 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. UBS Group raised their target price on shares of Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Finally, Needham & Company LLC boosted their price target on Alight from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $12.71.

Insider Activity at Alight

In related news, 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 sale, the chief executive officer now directly owns 8,198,199 shares of the company's stock, valued at $80,424,332.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alight news, insider Katie J. Rooney sold 2,777 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $9.70, for a total value of $26,936.90. Following the completion of the transaction, the insider now directly owns 2,927,314 shares in the company, valued at $28,394,945.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 $80,424,332.19. The disclosure for this sale can be found here. Insiders have sold 543,029 shares of company stock valued at $12,385,217 over the last ninety days. 3.66% of the stock is owned by corporate insiders.

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.