Alight, Inc. (NYSE:ALIT) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC decreased its position in shares of Alight, Inc. (NYSE:ALIT) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,973,052 shares of the company’s stock after selling 15,202 shares during the period. River Road Asset Management LLC’s holdings in Alight were worth $69,014,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Alight by 41.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,482 shares of the company’s stock valued at $868,000 after acquiring an additional 37,030 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alight in the fourth quarter valued at $3,783,000. Arizona State Retirement System increased its stake in Alight by 6.4% in the fourth quarter. Arizona State Retirement System now owns 124,290 shares of the company’s stock valued at $860,000 after purchasing an additional 7,448 shares during the last quarter. M&T Bank Corp lifted its position in Alight by 16.4% during the fourth quarter. M&T Bank Corp now owns 435,276 shares of the company’s stock worth $3,013,000 after buying an additional 61,271 shares during the period. Finally, Atria Investments Inc boosted its stake in Alight by 15.1% in the 4th quarter. Atria Investments Inc now owns 38,137 shares of the company’s stock worth $264,000 after buying an additional 4,993 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ALIT shares. Canaccord Genuity Group upped their price objective on shares of Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. KeyCorp boosted their target price on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Alight in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.61.

Insider Activity

In other news, Director Robert A. Schriesheim purchased 22,092 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $6.79 per share, with a total value of $150,004.68. Following the acquisition, the director now owns 22,092 shares in the company, valued at approximately $150,004.68. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.33% of the company’s stock.

Alight Stock Down 2.9 %

ALIT opened at $6.18 on Tuesday. The firm has a 50 day moving average price of $6.74 and a 200 day moving average price of $7.12. The company has a market cap of $3.35 billion, a PE ratio of -20.58 and a beta of 0.94. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

Alight (NYSE:ALIT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. Sell-side analysts expect that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.04 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.59%. Alight’s dividend payout ratio (DPR) is currently -53.33%.

Alight 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.