Key Points
- Alight director Kausik Rajgopal bought 40,000 shares at an average price of $2.24 on Nov. 25, increasing his stake by 46.95% to 125,202 shares (valued at about $280,452).
- The company declared a quarterly dividend of $0.04 (annualized $0.16), with an ex-dividend date and record date of Dec. 1 and a stated yield of 7.2%.
- In the most recent quarter Alight missed EPS estimates ($0.12 vs. $0.13), reported revenue down 4% year-over-year and a negative net margin of -94.23%, while analysts maintain a consensus “Moderate Buy” target of $5.25.
Alight, Inc. (NYSE:ALIT - Get Free Report) Director Kausik Rajgopal acquired 40,000 shares of Alight stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average price of $2.24 per share, with a total value of $89,600.00. Following the completion of the purchase, the director directly owned 125,202 shares of the company's stock, valued at $280,452.48. The trade was a 46.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alight Stock Performance
NYSE:ALIT opened at $2.23 on Wednesday. The firm has a market capitalization of $1.19 billion, a PE ratio of -0.55 and a beta of 1.02. Alight, Inc. has a 1 year low of $1.89 and a 1 year high of $8.12. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. The firm's fifty day simple moving average is $2.84 and its 200 day simple moving average is $4.22.
Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). The firm had revenue of $533.00 million for the quarter, compared to the consensus estimate of $539.43 million. Alight had a negative net margin of 94.23% and a positive return on equity of 7.89%. The firm's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, sell-side analysts anticipate that Alight, Inc. will post 0.54 EPS for the current year.
Alight Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Monday, December 1st. Alight's dividend payout ratio is presently -3.91%.
Institutional Trading of Alight
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of Alight during the first quarter worth approximately $25,000. CWM LLC lifted its stake in shares of Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company's stock valued at $30,000 after purchasing an additional 4,006 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Alight by 82.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company's stock worth $31,000 after purchasing an additional 2,348 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Alight by 152.1% during the second quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company's stock worth $29,000 after purchasing an additional 3,138 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Alight by 68.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 8,100 shares of the company's stock valued at $46,000 after purchasing an additional 3,300 shares during the last quarter. 96.74% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on ALIT shares. UBS Group decreased their price target on shares of Alight from $6.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 6th. Wedbush decreased their target price on shares of Alight from $7.00 to $5.00 and set an "outperform" rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Alight in a research note on Wednesday, October 8th. Needham & Company LLC dropped their price target on shares of Alight from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Finally, DA Davidson reiterated a "buy" rating and issued a $6.00 price target on shares of Alight in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.25.
Read Our Latest Research Report on Alight
Alight Company Profile
(
Get 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.
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