Alight’s (ALIT) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Alight (NYSE:ALIT) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $11.00 price target on the stock. Wedbush also issued estimates for Alight’s Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.57 EPS.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Alight in a report on Monday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.19.

Alight Stock Up 0.4 %

NYSE:ALIT opened at $6.23 on Tuesday. Alight has a 52-week low of $5.87 and a 52-week high of $10.04. The company has a market cap of $3.38 billion, a PE ratio of -20.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50-day simple moving average of $6.58 and a 200 day simple moving average of $7.02.

Alight (NYSE:ALIT) last posted its earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, sell-side analysts expect that Alight will post 0.54 EPS for the current fiscal year.

Alight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Monday, March 3rd. Alight’s dividend payout ratio (DPR) is currently -53.33%.

Insider Buying and Selling at Alight

In related news, Director Robert A. Schriesheim bought 22,092 shares of Alight stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $6.79 per share, with a total value of $150,004.68. Following the transaction, the director now directly owns 22,092 shares of the company’s stock, valued at approximately $150,004.68. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Massey acquired 100,000 shares of Alight stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $6.39 per share, with a total value of $639,000.00. Following the completion of the acquisition, the director now owns 1,573,489 shares of the company’s stock, valued at $10,054,594.71. This trade represents a 6.79 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 125,092 shares of company stock worth $807,755. 5.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alight

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position 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 buying an additional 1,729 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in 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 during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Alight during the fourth quarter valued at approximately $50,000. Sandia Investment Management LP bought a new position in shares of Alight in the fourth quarter worth approximately $69,000. Finally, Headlands Technologies LLC purchased a new position in shares of Alight in the fourth quarter worth $84,000. Institutional investors own 96.74% of the company’s stock.

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.