Alight Sees Unusually Large Options Volume (NYSE:ALIT)

Alight, Inc. (NYSE:ALIT) was the target of unusually large options trading on Friday. Stock investors acquired 6,228 call options on the stock. This is an increase of approximately 56% compared to the average volume of 3,985 call options.

Wall Street Analyst Weigh In

A number of research firms have commented on ALIT. Weiss Ratings reissued a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Wedbush decreased their price objective on shares of Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Alight in a research report on Monday, December 8th. KeyCorp lowered their price target on shares of Alight from $6.00 to $2.50 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, UBS Group reduced their target price on Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.70.

Insider Activity

In other news, Director Kausik Rajgopal bought 40,000 shares of Alight 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 trade represents a 46.95% increase in their ownership of the stock. The acquisition was disclosed in a legal 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 dated 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 completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $233,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 193,116 shares of company stock worth $448,984. Corporate insiders own 1.93% of the company’s stock.

Hedge Funds Weigh In On Alight

Hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in Alight in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings in Alight by 152.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock worth $29,000 after acquiring an additional 3,138 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Alight by 68.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 8,100 shares of the company’s stock worth $46,000 after purchasing an additional 3,300 shares in the last quarter. Danske Bank A S purchased a new position in shares of Alight in the third quarter valued at $31,000. Finally, Evergreen Capital Management LLC acquired a new stake in Alight during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Trading Down 0.9%

ALIT traded down $0.02 during midday trading on Friday, hitting $1.58. The company’s stock had a trading volume of 1,431,131 shares, compared to its average volume of 10,362,750. The firm has a market cap of $839.79 million, a P/E ratio of -0.39 and a beta of 1.08. Alight has a 52-week low of $1.55 and a 52-week high of $7.66. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $2.03 and a two-hundred day moving average price of $3.34.

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 analyst estimates 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 last year, the company posted $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, research analysts anticipate that Alight will post 0.54 earnings per share for the current year.

Alight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.04 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.16 annualized dividend and a yield of 10.2%. Alight’s dividend payout ratio (DPR) is presently -3.91%.

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.