Alight (NYSE:ALIT) Sets New 12-Month Low – What’s Next?

Alight, Inc. (NYSE:ALIT) shares hit a new 52-week low on Wednesday . The stock traded as low as $1.59 and last traded at $1.6050, with a volume of 10621739 shares trading hands. The stock had previously closed at $1.66.

Analyst Ratings Changes

A number of brokerages have recently commented on ALIT. UBS Group lowered 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. KeyCorp lowered their price target on Alight from $6.00 to $2.50 and set an “overweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Wedbush lowered their price target on Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Alight in a research report on Monday, December 8th. Five equities research 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 a consensus rating of “Moderate Buy” and an average price target of $4.70.

Alight Stock Performance

The company’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $3.34. The company has a market capitalization of $842.46 million, a price-to-earnings ratio of -0.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.21 and a current ratio of 1.21.

Alight (NYSE:ALIT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $539.43 million. Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.The business’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 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. Equities research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Monday, December 1st. Alight’s payout ratio is -3.91%.

Insider Buying and Selling

In other Alight news, Director Kausik Rajgopal purchased 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of $2.24 per share, with a total value of $89,600.00. Following the acquisition, the director owned 125,202 shares of the company’s stock, valued at approximately $280,452.48. This represents a 46.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard N. Massey bought 100,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $2.33 per share, for a total transaction of $233,000.00. Following the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at $233,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 193,116 shares of company stock worth $448,984 over the last ninety days. 1.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Alight

Several large investors have recently made changes to their positions in ALIT. Royal Bank of Canada raised its holdings in shares of Alight by 3.6% in the 1st quarter. Royal Bank of Canada now owns 159,901 shares of the company’s stock worth $948,000 after purchasing an additional 5,525 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Alight in the first quarter valued at $434,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Alight by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 249,753 shares of the company’s stock valued at $1,481,000 after acquiring an additional 10,893 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Alight by 1,776.2% during the 1st quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock valued at $67,000 after acquiring an additional 10,657 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Alight by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,027,103 shares of the company’s stock worth $6,091,000 after acquiring an additional 66,771 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Alight Company Profile

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.