Nisa Investment Advisors LLC Has $36,000 Holdings in Alight, Inc. (NYSE:ALIT)

Nisa Investment Advisors LLC trimmed its stake in shares of Alight, Inc. (NYSE:ALIT) by 63.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,181 shares of the company’s stock after selling 7,317 shares during the period. Nisa Investment Advisors LLC’s holdings in Alight were worth $36,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC increased its holdings in Alight by 13.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,315 shares of the company’s stock worth $123,000 after purchasing an additional 2,082 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Alight by 12.1% in the third quarter. Teacher Retirement System of Texas now owns 25,065 shares of the company’s stock valued at $178,000 after purchasing an additional 2,697 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Alight by 5.6% during the fourth quarter. Arizona State Retirement System now owns 97,284 shares of the company’s stock worth $830,000 after buying an additional 5,180 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Alight by 86.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,182 shares of the company’s stock worth $86,000 after buying an additional 5,661 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Alight by 7.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 93,568 shares of the company’s stock valued at $663,000 after buying an additional 6,568 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Alight Stock Performance

Shares of ALIT stock opened at $9.18 on Tuesday. The stock has a market cap of $5.17 billion, a P/E ratio of -16.69, a P/E/G ratio of 1.77 and a beta of 0.92. The company has a fifty day moving average price of $9.31 and a two-hundred day moving average price of $8.40. Alight, Inc. has a one year low of $6.33 and a one year high of $10.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.27 and a quick ratio of 1.27.

Alight (NYSE:ALIT) last issued its earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $1.03 billion. Alight had a negative net margin of 7.80% and a positive return on equity of 5.09%. As a group, equities analysts predict that Alight, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

ALIT has been the subject of several research reports. Citigroup reaffirmed a “buy” rating and set a $12.00 price target on shares of Alight in a research note on Friday, January 5th. UBS Group raised their target price on shares of Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Wedbush boosted their price target on shares of Alight from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Needham & Company LLC raised their price objective on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Canaccord Genuity Group lifted their target price on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $12.71.

Insider Transactions at Alight

In related news, insider Katie J. Rooney sold 26,164 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total value of $234,167.80. Following the sale, the insider now owns 2,963,694 shares in the company, valued at approximately $26,525,061.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Katie J. Rooney sold 7,100 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $9.00, for a total transaction of $63,900.00. Following the completion of the sale, the insider now owns 2,999,434 shares in the company, valued at $26,994,906. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Katie J. Rooney sold 26,164 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.95, for a total value of $234,167.80. Following the transaction, the insider now owns 2,963,694 shares in the company, valued at approximately $26,525,061.30. The disclosure for this sale can be found here. In the last three months, insiders sold 550,129 shares of company stock worth $12,449,117. 3.96% of the stock is owned by company insiders.

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.