Alight, Inc. (NYSE:ALIT) Shares Sold by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN lessened its stake in shares of Alight, Inc. (NYSE:ALIT) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 688,926 shares of the company’s stock after selling 6,532 shares during the quarter. Alight comprises about 1.0% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 29th biggest position. Kirr Marbach & Co. LLC IN’s holdings in Alight were worth $4,767,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALIT. Blue Trust Inc. boosted its stake in Alight by 107.6% in the 4th quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $25,000 after purchasing an additional 1,729 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Alight by 65.5% in the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Alight in the third quarter valued at $74,000. Nisa Investment Advisors LLC boosted its position in shares of Alight by 54.0% in the third quarter. Nisa Investment Advisors LLC now owns 11,547 shares of the company’s stock worth $85,000 after buying an additional 4,049 shares during the period. Finally, KBC Group NV grew its holdings in shares of Alight by 24.0% during the third quarter. KBC Group NV now owns 12,049 shares of the company’s stock valued at $89,000 after buying an additional 2,331 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William P. Foley II sold 5,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $8.25, for a total value of $41,250,000.00. Following the sale, the director now directly owns 883,323 shares of the company’s stock, valued at approximately $7,287,414.75. This trade represents a 84.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Gregory R. Goff sold 250,000 shares of Alight stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total value of $2,000,000.00. Following the completion of the transaction, the president now owns 852,694 shares in the company, valued at $6,821,552. The trade was a 22.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,334,929 shares of company stock valued at $43,895,460 over the last 90 days. 5.33% of the stock is currently owned by company insiders.

Alight Stock Performance

Shares of ALIT opened at $6.98 on Wednesday. The company’s fifty day moving average is $7.15 and its 200-day moving average is $7.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Alight, Inc. has a 12 month low of $6.15 and a 12 month high of $10.38.

Alight (NYSE:ALIT) last posted its earnings results on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $538.39 million. During the same period in the prior year, the business posted $0.07 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. Analysts predict that Alight, Inc. will post 0.47 earnings per share for the current fiscal year.

Alight Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

Analyst Ratings Changes

Several brokerages recently issued reports on ALIT. Needham & Company LLC reduced their price objective on Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. Canaccord Genuity Group increased their price target on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, KeyCorp boosted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.61.

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.