Alight, Inc. (NYSE:ALIT) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC trimmed its holdings in shares of Alight, Inc. (NYSE:ALIT - Free Report) by 61.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,168 shares of the company's stock after selling 50,754 shares during the quarter. Oak Family Advisors LLC's holdings in Alight were worth $223,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Alight by 107.6% during the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after purchasing an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Alight by 65.5% during the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company's stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Alight during the third quarter valued at approximately $74,000. Nisa Investment Advisors LLC lifted its holdings in Alight by 54.0% during the third quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company's stock valued at $85,000 after purchasing an additional 4,049 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Alight by 24.0% during the third quarter. KBC Group NV now owns 12,049 shares of the company's stock valued at $89,000 after purchasing an additional 2,331 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on ALIT. KeyCorp lifted their price target on shares of Alight from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Needham & Company LLC lowered their target price on shares of Alight from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Thursday, January 9th. Finally, Canaccord Genuity Group boosted their target price on shares of Alight from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Alight presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.61.

Insider Transactions at Alight

In related news, President Gregory R. Goff sold 250,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.00, for a total value of $2,000,000.00. Following the completion of the sale, the president now directly owns 852,694 shares of the company's stock, valued at $6,821,552. This represents a 22.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory A. George sold 84,929 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the sale, the insider now directly owns 223,327 shares of the company's stock, valued at approximately $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,334,929 shares of company stock worth $43,895,460. Insiders own 5.33% of the company's stock.

Alight Price Performance

ALIT traded up $0.03 during trading hours on Thursday, hitting $6.65. The company's stock had a trading volume of 5,042,028 shares, compared to its average volume of 5,122,527. The business's 50-day moving average price is $7.01 and its 200-day moving average price is $7.20. Alight, Inc. has a 12 month low of $6.15 and a 12 month high of $10.38. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -13.84 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46.

Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The business had revenue of $555.00 million for the quarter, compared to analysts' expectations of $538.39 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business's revenue was down .4% compared to the same quarter last year. Sell-side analysts expect that Alight, Inc. will post 0.47 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently declared a -- dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd.

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.