Key Points
- Alight director Robert Jr. Lopes purchased 10,000 shares at an average of $2.39 on Nov. 26, boosting his stake to 80,168 shares — a 14.25% increase — as disclosed in an SEC filing.
- The company declared a quarterly dividend of $0.04 per share (annualized $0.16), with an ex-dividend date of Dec. 1 and a yield of about 6.8%, payable Dec. 15.
- Alight recently missed quarterly EPS by $0.01 with revenue down 4% year-over-year, issued FY2025 guidance of 0.540–0.580 EPS, and carries a consensus analyst view of a Moderate Buy with an average price target of $5.25.
Alight, Inc. (NYSE:ALIT - Get Free Report) Director Robert Jr. Lopes acquired 10,000 shares of the company's stock in a transaction on Wednesday, November 26th. The stock was bought at an average cost of $2.39 per share, with a total value of $23,900.00. Following the completion of the acquisition, the director directly owned 80,168 shares in the company, valued at approximately $191,601.52. This represents a 14.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Alight Stock Performance
NYSE:ALIT opened at $2.35 on Tuesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -0.57 and a beta of 1.09. Alight, Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $8.05. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average price of $2.75 and a 200-day moving average price of $4.12.
Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $533.00 million during the quarter, compared to analyst estimates of $539.43 million. During the same period last year, the firm earned $0.09 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. As a group, equities analysts anticipate that Alight, Inc. will post 0.54 EPS for the current fiscal year.
Alight Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, December 1st. Alight's dividend payout ratio is -3.91%.
Institutional Investors Weigh In On Alight
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Alight by 0.5% in the third quarter. Vanguard Group Inc. now owns 42,578,749 shares of the company's stock valued at $138,807,000 after purchasing an additional 223,377 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alight by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 25,937,324 shares of the company's stock worth $84,558,000 after purchasing an additional 348,285 shares during the last quarter. Rubric Capital Management LP increased its stake in shares of Alight by 10.8% in the second quarter. Rubric Capital Management LP now owns 19,626,953 shares of the company's stock valued at $111,089,000 after buying an additional 1,906,140 shares during the period. Cooper Creek Partners Management LLC raised its holdings in Alight by 6.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 19,168,119 shares of the company's stock valued at $62,488,000 after buying an additional 1,187,092 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Alight by 289.1% during the 3rd quarter. Wellington Management Group LLP now owns 13,909,404 shares of the company's stock worth $45,345,000 after buying an additional 10,334,915 shares during the period. Institutional investors own 96.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ALIT. Needham & Company LLC decreased their price objective on shares of Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Wedbush decreased their price target 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 dropped their price objective on Alight from $6.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Alight in a research note on Wednesday, October 8th. Finally, DA Davidson reissued a "buy" rating and set a $6.00 target price on shares of Alight in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Alight presently has an average rating of "Moderate Buy" and an average price target of $5.25.
View Our Latest Stock Analysis on ALIT
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
