Alight, Inc. (NYSE:ALIT) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its stake in shares of Alight, Inc. (NYSE:ALIT) by 38.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,776 shares of the company’s stock after purchasing an additional 1,897 shares during the period. First Horizon Advisors Inc.’s holdings in Alight were worth $58,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted 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 worth $245,678,000 after buying an additional 792,348 shares in the last quarter. Fidelity National Financial Inc. boosted its position in Alight by 33.3% during the third quarter. Fidelity National Financial Inc. now owns 20,000,000 shares of the company’s stock worth $141,800,000 after purchasing an additional 5,000,000 shares in the last quarter. River Road Asset Management LLC grew its holdings in Alight by 2.9% in 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 last quarter. Northern Trust Corp increased its position in shares of Alight by 2.7% in the third quarter. Northern Trust Corp now owns 3,660,868 shares of the company’s stock valued at $25,956,000 after buying an additional 96,321 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Alight by 3.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,306,359 shares of the company’s stock worth $23,442,000 after buying an additional 107,373 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Trading Down 0.2 %

ALIT stock opened at $9.29 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.27 and a current ratio of 1.27. Alight, Inc. has a 52-week low of $6.33 and a 52-week high of $10.38. The stock’s fifty day simple moving average is $9.27 and its 200-day simple moving average is $8.56.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group increased 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. Needham & Company LLC raised their price objective on shares of Alight from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Canaccord Genuity Group upped their target price on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Wedbush reissued an “outperform” rating and set a $14.00 price target on shares of Alight in a research report on Thursday, April 25th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $12.71.

Insider Buying and Selling

In other news, insider Katie J. Rooney sold 26,164 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.95, for a total transaction of $234,167.80. Following the completion of the sale, the insider now directly owns 2,963,694 shares of the company’s stock, valued at approximately $26,525,061.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Katie J. Rooney sold 26,164 shares of the firm’s stock in a transaction dated 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 directly 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 is accessible through the SEC website. Also, insider Katie J. Rooney sold 2,777 shares of the business’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 sale, the insider now owns 2,927,314 shares of the company’s stock, valued at approximately $28,394,945.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 543,029 shares of company stock valued at $12,385,217. Insiders own 3.66% of the company’s stock.

About Alight

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.