Alight, Inc. (NYSE:ALIT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Alight, Inc. (NYSE:ALIT) by 63.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,181 shares of the company’s stock after selling 7,317 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alight were worth $36,000 at the end of the most recent reporting period.

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

Alight Trading Up 0.7 %

NYSE ALIT opened at $9.18 on Tuesday. The company has a market capitalization of $5.17 billion, a PE ratio of -16.69, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. Alight, Inc. has a 1-year low of $6.33 and a 1-year high of $10.38. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $8.40.

Alight (NYSE:ALIT) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $1.03 billion. Alight had a positive return on equity of 5.09% and a negative net margin of 7.80%. As a group, sell-side analysts anticipate that Alight, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Alight

In other news, CEO Stephan Scholl sold 83,016 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were 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 owns 8,115,183 shares in the company, valued at approximately $771,753,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Stephan Scholl sold 83,016 shares of the company’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 completion of the sale, the chief executive officer now owns 8,115,183 shares in the company, valued at approximately $771,753,903.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Katie J. Rooney sold 2,777 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $9.70, for a total value of $26,936.90. Following the completion of the transaction, 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 sold 550,129 shares of company stock worth $12,449,117 over the last ninety days. 3.96% of the stock is currently owned by insiders.

Alight Company 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.