Natixis Advisors L.P. Sells 164,107 Shares of Alight, Inc. (NYSE:ALIT)

Natixis Advisors L.P. reduced its holdings in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 50.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,955 shares of the company's stock after selling 164,107 shares during the quarter. Natixis Advisors L.P.'s holdings in Alight were worth $1,355,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALIT. First Horizon Advisors Inc. boosted its stake in shares of Alight by 38.9% in the fourth quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company's stock valued at $58,000 after purchasing an additional 1,897 shares during the period. Victory Capital Management Inc. increased its position in shares of Alight by 24.4% during the fourth quarter. Victory Capital Management Inc. now owns 48,247 shares of the company's stock worth $412,000 after acquiring an additional 9,456 shares during the last quarter. Cannell & Co. acquired a new position in shares of Alight in the fourth quarter worth about $4,667,000. Russell Investments Group Ltd. lifted its stake in shares of Alight by 35.3% in the fourth quarter. Russell Investments Group Ltd. now owns 940,672 shares of the company's stock worth $8,024,000 after acquiring an additional 245,277 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its holdings in Alight by 21.9% in the fourth quarter. Corbyn Investment Management Inc. MD now owns 634,914 shares of the company's stock valued at $5,416,000 after purchasing an additional 114,097 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALIT. KeyCorp cut their target price on Alight from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, May 9th. UBS Group increased 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. Wedbush dropped their target price on shares of Alight from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, May 10th. Canaccord Genuity Group increased their price target 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. Finally, Needham & Company LLC lowered their price objective on Alight from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $12.00.

Insider Transactions at Alight

In other news, CEO Stephan Scholl sold 83,016 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $95.10, for a total transaction of $7,894,821.60. Following the completion of the transaction, the chief executive officer now owns 8,115,183 shares in the company, valued at $771,753,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Stephan Scholl sold 83,016 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 accessible through the SEC website. Also, insider Katie J. Rooney sold 26,164 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total transaction of $234,167.80. Following the completion of the sale, 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 quarter, insiders sold 543,029 shares of company stock worth $12,385,217. Insiders own 3.96% of the company's stock.

Alight Stock Performance

Shares of Alight stock traded up $0.32 on Thursday, reaching $7.98. 7,865,787 shares of the company were exchanged, compared to its average volume of 6,832,224. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -12.86, a P/E/G ratio of 1.32 and a beta of 0.94. Alight, Inc. has a 1-year low of $6.33 and a 1-year high of $10.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.57 and a current ratio of 1.57. The company's 50-day moving average is $9.08 and its two-hundred day moving average is $8.60.

Alight (NYSE:ALIT - Get Free Report) last issued 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 5.14% and a negative net margin of 9.19%. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $1.03 billion. As a group, research analysts expect that Alight, Inc. will post 0.5 earnings per share 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.