SG Americas Securities LLC Buys 376,527 Shares of Alight, Inc. $ALIT

SG Americas Securities LLC boosted its stake in shares of Alight, Inc. (NYSE:ALIT) by 370.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 478,042 shares of the company’s stock after buying an additional 376,527 shares during the period. SG Americas Securities LLC’s holdings in Alight were worth $1,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ALIT. Royal Bank of Canada increased its position in Alight by 3.6% during the first quarter. Royal Bank of Canada now owns 159,901 shares of the company’s stock valued at $948,000 after acquiring an additional 5,525 shares during the last quarter. AQR Capital Management LLC bought a new position in Alight during the 1st quarter valued at about $434,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Alight by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 249,753 shares of the company’s stock worth $1,481,000 after purchasing an additional 10,893 shares during the period. Jones Financial Companies Lllp lifted its stake in Alight by 1,776.2% in the first quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock worth $67,000 after purchasing an additional 10,657 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Alight by 7.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,027,103 shares of the company’s stock valued at $6,091,000 after buying an additional 66,771 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALIT has been the topic of several recent analyst reports. KeyCorp reduced their price target on Alight from $6.00 to $2.50 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Wedbush reduced their target price on Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. UBS Group lowered their target price on shares of Alight from $6.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. DA Davidson restated a “buy” rating and issued a $6.00 price target on shares of Alight in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.70.

Alight Price Performance

ALIT opened at $1.58 on Friday. The company has a market capitalization of $842.46 million, a price-to-earnings ratio of -0.39 and a beta of 1.08. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. Alight, Inc. has a 12-month low of $1.56 and a 12-month high of $7.66. The business’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $3.34.

Alight (NYSE:ALIT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Alight had a negative net margin of 94.23% and a positive return on equity of 7.89%. The firm had revenue of $533.00 million during the quarter, compared to the consensus estimate of $539.43 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, equities research analysts anticipate that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.04 per share. The ex-dividend date was Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 10.1%. Alight’s dividend payout ratio (DPR) is currently -3.91%.

Insider Activity

In other Alight news, Director Robert A. Schriesheim acquired 42,098 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $2.38 per share, with a total value of $100,193.24. Following the completion of the acquisition, the director directly owned 109,130 shares in the company, valued at $259,729.40. This represents a 62.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kausik Rajgopal acquired 40,000 shares of Alight stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average cost of $2.24 per share, with a total value of $89,600.00. Following the purchase, the director directly owned 125,202 shares of the company’s stock, valued at $280,452.48. This represents a 46.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 193,116 shares of company stock worth $448,984. Corporate insiders own 1.93% of the company’s stock.

About Alight

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.