Alight (NYSE:ALIT) Hits New 12-Month Low – Here’s Why

Shares of Alight, Inc. (NYSE:ALIT) reached a new 52-week low on Tuesday . The company traded as low as $1.53 and last traded at $1.5450, with a volume of 442252 shares changing hands. The stock had previously closed at $1.57.

Analyst Upgrades and Downgrades

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

Alight Price Performance

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 company has a market capitalization of $823.79 million, a PE ratio of -0.38 and a beta of 1.08. The stock’s 50-day moving average is $1.96 and its two-hundred day moving average is $3.19.

Alight (NYSE:ALIT) last released its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, equities analysts predict that Alight, Inc. will post 0.54 EPS for the current year.

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 10.4%. The ex-dividend date was Monday, December 1st. Alight’s dividend payout ratio is presently -3.91%.

Insider Activity

In related news, Director Richard N. Massey bought 100,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was bought at an average price 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim bought 42,098 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of $2.38 per share, for a total transaction of $100,193.24. Following the transaction, the director directly owned 109,130 shares in the company, valued at approximately $259,729.40. This represents a 62.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 193,116 shares of company stock worth $448,984. 1.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Alight

Several hedge funds and other institutional investors have recently made changes to their positions in ALIT. Strs Ohio acquired a new position in shares of Alight during the first quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in Alight by 152.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock valued at $29,000 after purchasing an additional 3,138 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in Alight during the 4th quarter valued at approximately $31,000. Danske Bank A S purchased a new position in shares of Alight in the third quarter worth $31,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Alight during the third quarter worth $35,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

About Alight

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.