Goldman Sachs Group Inc. increased its holdings in Alight, Inc. (NYSE:ALIT - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,505,079 shares of the company's stock after acquiring an additional 1,128,049 shares during the period. Goldman Sachs Group Inc. owned about 1.00% of Alight worth $46,958,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Alight by 2.3% during the third quarter. Vanguard Group Inc. now owns 34,651,300 shares of the company's stock valued at $245,678,000 after purchasing an additional 792,348 shares during the period. Fidelity National Financial Inc. grew its holdings in Alight by 11.5% during the fourth quarter. Fidelity National Financial Inc. now owns 22,300,000 shares of the company's stock valued at $190,219,000 after purchasing an additional 2,300,000 shares during the period. Glenview Capital Management LLC grew its holdings in Alight by 11.2% during the fourth quarter. Glenview Capital Management LLC now owns 18,202,012 shares of the company's stock valued at $155,263,000 after purchasing an additional 1,835,481 shares during the period. Dimensional Fund Advisors LP grew its holdings in Alight by 33.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,171,721 shares of the company's stock valued at $103,826,000 after purchasing an additional 3,018,711 shares during the period. Finally, River Road Asset Management LLC grew its holdings in Alight by 2.9% during the fourth quarter. River Road Asset Management LLC now owns 9,360,406 shares of the company's stock valued at $79,844,000 after purchasing an additional 263,242 shares during the period. 96.74% of the stock is owned by institutional investors.
Alight Price Performance
Shares of ALIT stock traded up $0.04 on Thursday, reaching $7.41. The company's stock had a trading volume of 126,789 shares, compared to its average volume of 6,416,181. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. Alight, Inc. has a 12-month low of $6.33 and a 12-month high of $10.38. The company has a market capitalization of $4.16 billion, a P/E ratio of -11.89, a PEG ratio of 1.21 and a beta of 0.88. The stock's 50 day simple moving average is $8.25 and its 200-day simple moving average is $8.67.
Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. The business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $832.41 million. As a group, equities analysts predict that Alight, Inc. will post 0.52 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on ALIT shares. Needham & Company LLC reduced their price objective on Alight from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 9th. UBS Group increased their target price on Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. KeyCorp dropped their target price on Alight from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, May 9th. Canaccord Genuity Group increased their target price on Alight from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Finally, Wedbush dropped their target price on Alight from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, May 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $12.00.
View Our Latest Report on ALIT
Insider Activity
In other news, CEO Stephan Scholl sold 83,016 shares of the firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $95.10, for a total transaction of $7,894,821.60. Following the transaction, the chief executive officer now directly owns 8,115,183 shares of the company's stock, valued at $771,753,903.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Stephan Scholl sold 83,016 shares of the firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $95.10, for a total transaction of $7,894,821.60. Following the transaction, the chief executive officer now directly owns 8,115,183 shares of the company's stock, valued at $771,753,903.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katie J. Rooney sold 2,777 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $9.70, for a total value of $26,936.90. Following the completion of the sale, the insider now directly owns 2,927,314 shares in the company, valued at $28,394,945.80. The disclosure for this sale can be found here. Insiders own 5.33% of the company's stock.
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.
Recommended Stories
- Five stocks we like better than Alight
- Consumer Staples Stocks, Explained
- Top 3 Stocks to Buy Now as Energy Sector Hits Buy Zone
- Insider Trading - What You Need to Know
- Autodesk Stock Up 25%, Analysts Want More Double-Digit Gains
- What Investors Need to Know to Beat the Market
- Costco Split History: Is it Time for Costco to Split Again?
→ Take a look at this candlestick chart. (From DTI) (Ad)
Should you invest $1,000 in Alight right now?
Before you consider Alight, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alight wasn't on the list.
While Alight currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
7 Stocks to Buy And Hold Forever
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
