Boston Partners Buys 249,802 Shares of Alight, Inc. (NYSE:ALIT)

Boston Partners grew its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,069,163 shares of the company's stock after buying an additional 249,802 shares during the period. Boston Partners owned 0.56% of Alight worth $26,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Xponance Inc. raised its position in Alight by 5.7% in the 4th quarter. Xponance Inc. now owns 25,035 shares of the company's stock valued at $214,000 after purchasing an additional 1,353 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Alight by 38.9% during the fourth quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company's stock worth $58,000 after buying an additional 1,897 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Alight by 13.7% during the third 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 grew its holdings in shares of Alight by 10.2% during the fourth quarter. FourThought Financial Partners LLC now owns 27,673 shares of the company's stock worth $236,000 after buying an additional 2,552 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Alight by 12.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 25,065 shares of the company's stock valued at $178,000 after acquiring an additional 2,697 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alight 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 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 approximately $26,525,061.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Stephan Scholl sold 83,016 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $95.10, for a total value of $7,894,821.60. Following the sale, the chief executive officer now directly owns 8,115,183 shares of the company's stock, valued at $771,753,903.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $8.95, for a total transaction of $234,167.80. Following the transaction, the insider now directly owns 2,963,694 shares of the company's stock, valued at approximately $26,525,061.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 543,029 shares of company stock worth $12,385,217. 3.66% of the stock is owned by insiders.

Analyst Ratings Changes

ALIT has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on Alight from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. UBS Group boosted their price objective on shares of Alight from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Needham & Company LLC lowered their target price on shares of Alight from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Wedbush cut their price target on shares of Alight from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, May 10th. Finally, KeyCorp decreased their price target on Alight from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, May 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alight presently has an average rating of "Buy" and a consensus target price of $12.00.

Alight Price Performance

Shares of ALIT traded up $0.15 during mid-day trading on Wednesday, reaching $7.66. 6,477,189 shares of the company's stock were exchanged, compared to its average volume of 6,821,229. The company has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $8.61. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -12.34, a PEG ratio of 1.32 and a beta of 0.94. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. Alight, Inc. has a 52-week low of $6.33 and a 52-week high of $10.38.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $1.03 billion. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. On average, sell-side analysts predict 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.