Brighton Jones LLC Invests $1.86 Million in Alight, Inc. (NYSE:ALIT)

Brighton Jones LLC bought a new position in shares of Alight, Inc. (NYSE:ALIT) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 251,534 shares of the company’s stock, valued at approximately $1,861,000.

Several other institutional investors have also recently added to or reduced their stakes in ALIT. Vanguard Group Inc. lifted its position in Alight by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 35,198,914 shares of the company’s stock valued at $300,247,000 after acquiring an additional 547,614 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Alight in the 1st quarter valued at about $354,000. Saxon Interests Inc. lifted its holdings in shares of Alight by 15.4% in the 1st quarter. Saxon Interests Inc. now owns 19,668 shares of the company’s stock valued at $194,000 after purchasing an additional 2,632 shares during the last quarter. Ables Iannone Moore & Associates Inc. boosted its position in shares of Alight by 220.5% in the 1st quarter. Ables Iannone Moore & Associates Inc. now owns 193,550 shares of the company’s stock valued at $1,906,000 after purchasing an additional 133,160 shares during the period. Finally, Seelaus Asset Management LLC grew its stake in Alight by 178.2% during the 1st quarter. Seelaus Asset Management LLC now owns 30,250 shares of the company’s stock worth $298,000 after buying an additional 19,375 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Stock Down 0.4 %

ALIT opened at $7.09 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. Alight, Inc. has a 12 month low of $6.15 and a 12 month high of $10.38. The stock has a market capitalization of $3.87 billion, a P/E ratio of -16.11 and a beta of 0.86. The business has a 50 day simple moving average of $7.22 and a 200-day simple moving average of $7.62.

Alight (NYSE:ALIT) last released its earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Alight had a positive return on equity of 5.42% and a negative net margin of 6.58%. The company had revenue of $787.00 million during the quarter, compared to the consensus estimate of $791.22 million. On average, equities analysts anticipate that Alight, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALIT shares. JPMorgan Chase & Co. cut Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Tuesday, August 20th. KeyCorp decreased their price target on shares of Alight from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Alight in a research note on Monday, September 30th. Wedbush decreased their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup dropped their price target on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

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.