Alight, Inc. $ALIT Shares Acquired by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lifted its stake in Alight, Inc. (NYSE:ALIT) by 55.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,414,825 shares of the company’s stock after purchasing an additional 505,463 shares during the period. Alight comprises about 1.4% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 23rd largest holding. Corbyn Investment Management Inc. MD’s holdings in Alight were worth $4,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ALIT. Geode Capital Management LLC increased its holdings in Alight by 1.3% in the second quarter. Geode Capital Management LLC now owns 10,413,720 shares of the company’s stock valued at $58,950,000 after buying an additional 135,109 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Alight by 270.1% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 361,165 shares of the company’s stock worth $2,044,000 after acquiring an additional 263,592 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Alight by 14.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,183,796 shares of the company’s stock valued at $6,700,000 after acquiring an additional 145,606 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Alight by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 7,557,788 shares of the company’s stock valued at $42,777,000 after acquiring an additional 637,142 shares during the last quarter. Finally, Stanley Capital Management LLC raised its position in shares of Alight by 47.6% during the 1st quarter. Stanley Capital Management LLC now owns 3,100,835 shares of the company’s stock worth $18,388,000 after acquiring an additional 1,000,000 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Insider Buying and Selling at Alight

In related news, Director Kausik Rajgopal acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of $2.24 per share, with a total value of $89,600.00. Following the transaction, the director owned 125,202 shares of the company’s stock, valued at $280,452.48. The trade was a 46.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Massey bought 100,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was bought at an average price of $2.33 per share, for a total transaction of $233,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at approximately $233,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 193,116 shares of company stock valued at $448,984 in the last ninety days. Insiders own 1.93% of the company’s stock.

Analyst Upgrades and Downgrades

ALIT has been the topic of several recent analyst reports. Wedbush dropped their price target on shares of Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alight in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of Alight from $6.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, DA Davidson restated a “buy” rating and issued a $6.00 price objective on shares of Alight in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alight currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.25.

Alight Stock Performance

Shares of Alight stock opened at $1.83 on Tuesday. The firm’s fifty day simple moving average is $2.20 and its 200-day simple moving average is $3.52. Alight, Inc. has a 12 month low of $1.82 and a 12 month high of $7.66. The stock has a market capitalization of $973.09 million, a price-to-earnings ratio of -0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.21 and a quick ratio of 1.21.

Alight (NYSE:ALIT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $539.43 million. Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. As a group, equities analysts forecast that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 8.8%. The ex-dividend date was Monday, December 1st. Alight’s payout ratio is -3.91%.

About Alight

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.