2 weeks Ago By Defense World Staff
Wells Fargo & Company MN boosted its stake in shares of Alight, Inc. ( NYSE:ALIT – Free Report ) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 294,377 shares of the company’s stock after purchasing an additional 19,944 shares during the quarter. Wells Fargo & Company MN owned about 0.05% of Alight worth $2,037,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of ALIT. Blue Trust Inc. increased its stake in shares of Alight by 107.
6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $25,000 after purchasing an additional 1,729 shares during the period.
Venturi Wealth Management LLC acquired a new stake in Alight in the 4th quarter worth $50,000. Headlands Technologies LLC bought a new position in shares of Alight during the 4th quarter worth about $84,000. Winslow Asset Management Inc.
acquired a new position in shares of Alight during the fourth quarter valued at about $93,000. Finally, Entropy Technologies LP acquired a new stake in Alight during the fourth quarter worth about $107,000. Institutional investors own 96.
74% of the company’s stock. Analysts Set New Price Targets A number of brokerages have commented on ALIT. Needham & Company LLC reiterated a “buy” rating and issued a $9.
00 price objective on shares of Alight in a research report on Monday, March 24th. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of Alight in a research note on Tuesday, March 25th.
Finally, DA Davidson restated a “buy” rating and issued a $10.00 price objective on shares of Alight in a research note on Wednesday, March 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock.
According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.19. Insiders Place Their Bets In other Alight news, Director Robert A.
Schriesheim bought 22,092 shares of Alight stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $6.79 per share, with a total value of $150,004.
68. Following the purchase, the director now owns 22,092 shares of the company’s stock, valued at $150,004.68.
This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link . Also, Director Richard N.
Massey acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $6.39 per share, for a total transaction of $639,000.
00. Following the completion of the acquisition, 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 .
Over the last three months, insiders purchased 125,092 shares of company stock valued at $807,755. Insiders own 5.33% of the company’s stock.
Alight Trading Down 0.4 % Shares of ALIT stock opened at $5.25 on Friday.
The company has a market capitalization of $2.85 billion, a P/E ratio of -17.50 and a beta of 0.
97. The firm has a 50-day moving average price of $5.83 and a 200 day moving average price of $6.
69. 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, Inc.
has a 12-month low of $4.49 and a 12-month high of $9.45.
Alight ( NYSE:ALIT – Get Free Report ) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.
25 by ($0.04). The business had revenue of $680.
00 million for the quarter, compared to the consensus estimate of $675.66 million. Alight had a positive return on equity of 5.
42% and a negative net margin of 5.53%. Research analysts forecast that Alight, Inc.
will post 0.54 earnings per share for the current fiscal year. Alight Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Monday, March 3rd were issued a dividend of $0.04 per share. This represents a $0.
16 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, March 3rd.
Alight’s dividend payout ratio is currently -53.33%. About Alight ( Free Report ) 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. Read More Five stocks we like better than Alight What Are Growth Stocks and Investing in Them Short Sellers Gave Up on These 3 Names Recently What is the Nasdaq? Complete Overview with History 3 Boring Stocks Outperforming the Market This Year Why Are These Companies Considered Blue Chips? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Alight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alight and related companies with MarketBeat.
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