Tudor Investment Corp ET AL Has $2.55 Million Stake in Alight, Inc. (NYSE:ALIT)

Tudor Investment Corp ET AL reduced its stake in Alight, Inc. (NYSE:ALIT - Free Report) by 49.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368,966 shares of the company's stock after selling 362,227 shares during the period. Tudor Investment Corp ET AL owned 0.07% of Alight worth $2,553,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. grew its stake in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $25,000 after acquiring an additional 1,729 shares during the period. Venturi Wealth Management LLC bought a new stake in Alight during the 4th quarter worth approximately $50,000. Headlands Technologies LLC acquired a new stake in Alight during the 4th quarter worth approximately $84,000. Sterling Capital Management LLC lifted its stake in Alight by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 13,224 shares of the company's stock valued at $92,000 after buying an additional 11,783 shares in the last quarter. Finally, Winslow Asset Management Inc. acquired a new position in shares of Alight in the fourth quarter valued at approximately $93,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALIT. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 target price on shares of Alight in a research note on Monday, March 24th. DA Davidson reaffirmed a "buy" rating and set a $10.00 price objective on shares of Alight in a research report on Wednesday, March 26th. Finally, Wedbush dropped their target price on Alight from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.94.

Alight Stock Down 0.4 %

Shares of NYSE:ALIT traded down $0.02 during midday trading on Friday, hitting $5.59. The stock had a trading volume of 2,790,287 shares, compared to its average volume of 6,355,160. The company has a market cap of $3.04 billion, a P/E ratio of -18.63 and a beta of 0.99. Alight, Inc. has a 12 month low of $4.49 and a 12 month high of $8.93. The business's 50-day simple moving average is $5.55 and its 200-day simple moving average is $6.57. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. The firm had revenue of $548.00 million during the quarter, compared to the consensus estimate of $542.66 million. During the same period last year, the business earned $0.13 EPS. The business's revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, June 2nd. Alight's dividend payout ratio (DPR) is presently -53.33%.

Insider Buying and Selling at Alight

In related news, Director Robert A. Schriesheim purchased 22,092 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $6.79 per share, with a total value of $150,004.68. Following the completion of the purchase, the director now directly owns 22,092 shares in the company, valued at $150,004.68. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Massey acquired 100,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $6.39 per share, with a total value of $639,000.00. Following the transaction, the director now directly owns 1,573,489 shares of the company's stock, valued at $10,054,594.71. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 125,092 shares of company stock valued at $807,755 in the last quarter. 5.33% of the stock is currently owned by 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.