Vanguard Group Inc. Acquires 547,614 Shares of Alight, Inc. (NYSE:ALIT) (2024)

Vanguard Group Inc. Acquires 547,614 Shares of Alight, Inc. (NYSE:ALIT) (1)Vanguard Group Inc. raised its stake in Alight, Inc. (NYSE:ALITFree Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,198,914 shares of the company’s stock after acquiring an additional 547,614 shares during the quarter. Vanguard Group Inc. owned about 6.25% of Alight worth $300,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Greenlight Capital Inc. acquired a new stake in Alight in the fourth quarter worth about $78,831,000. Norges Bank bought a new stake in shares of Alight during the fourth quarter worth approximately $42,947,000. UBS Group AG lifted its holdings in Alight by 1,767.5% in the fourth quarter. UBS Group AG now owns 4,998,050 shares of the company’s stock valued at $42,633,000 after buying an additional 4,730,410 shares during the period. Dimensional Fund Advisors LP boosted its stake in Alight by 33.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,171,721 shares of the company’s stock valued at $103,826,000 after acquiring an additional 3,018,711 shares during the last quarter. Finally, Fidelity National Financial Inc. grew its holdings in Alight by 11.5% during the 4th quarter. Fidelity National Financial Inc. now owns 22,300,000 shares of the company’s stock worth $190,219,000 after acquiring an additional 2,300,000 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Alight Trading Up 2.1 %

ALIT opened at $7.38 on Friday. The stock has a market capitalization of $4.14 billion, a P/E ratio of -11.90, a P/E/G ratio of 1.42 and a beta of 0.88. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.61. Alight, Inc. has a 12 month low of $6.33 and a 12 month high of $10.38. The firm’s fifty day simple moving average is $8.01 and its 200 day simple moving average is $8.65.

Alight (NYSE:ALITGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $832.41 million. As a group, research analysts anticipate that Alight, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALIT. Needham & Company LLC cut their price target on Alight from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. DA Davidson reaffirmed a “buy” rating and issued a $12.00 price target on shares of Alight in a research note on Thursday, June 20th. KeyCorp reduced their price objective on shares of Alight from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. UBS Group upped their target price on shares of Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Canaccord Genuity Group lifted their price target on shares of Alight from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $11.72.

View Our Latest Stock Report on Alight

Insider Activity

In related news, CEO Stephan Scholl sold 83,016 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $95.10, for a total transaction of $7,894,821.60. Following the completion of the transaction, the chief executive officer now owns 8,115,183 shares in the company, valued at $771,753,903.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alight news, CEO Stephan Scholl sold 83,016 shares of Alight stock in a transaction on Monday, April 8th. The shares were sold at an average price of $95.10, for a total value of $7,894,821.60. Following the sale, the chief executive officer now directly owns 8,115,183 shares in the company, valued at approximately $771,753,903.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katie J. Rooney sold 2,777 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $9.70, for a total transaction of $26,936.90. Following the transaction, the insider now owns 2,927,314 shares of the company’s stock, valued at $28,394,945.80. The disclosure for this sale can be found here. 5.33% of the stock is owned by corporate insiders.

About Alight

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ALIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alight, Inc. (NYSE:ALITFree Report).

Vanguard Group Inc. Acquires 547,614 Shares of Alight, Inc. (NYSE:ALIT) (2)

Receive News & Ratings for Alight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alight and related companies with MarketBeat.com's FREE daily email newsletter.

Vanguard Group Inc. Acquires 547,614 Shares of Alight, Inc. (NYSE:ALIT) (2024)

FAQs

Is Alit a good stock? ›

The average analyst rating for Alight stock from 8 stock analysts is "Strong Buy".

Who are the biggest shareholders of Vanguard? ›

Largest shareholders include Bank Of America Corp /de/, Beacon Capital Management, Inc., Wellspring Financial Advisors, LLC, Morgan Stanley, LPL Financial LLC, Envestnet Asset Management Inc, Compass Financial Group, INC/SD, Morningstar Investment Management LLC, MSTQX - Morningstar U.S. Equity Fund, and UBS Group AG .

What are the results of alight q1? ›

Total Company First Quarter 2024 Results

Recurring revenues were 86.4% of total revenue, compared to 85.7% in the prior year. Gross profit was $249 million, or 30.5% of revenue, compared to $257 million, or 30.9% of revenue in the prior year period.

What is the market share of alight? ›

What is Alight Solutions market share in the human-capital-management? Alight Solutions has market share of 0.15% in human-capital-management market. Alight Solutions competes with 59 competitor tools in human-capital-management category.

Is Alight a good investment company? ›

Latest Alight Inc Stock News

As of July 05, 2024, Alight Inc had a $4.0 billion market capitalization, putting it in the 78th percentile of companies in the Software industry. Alight Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months.

What is the Zacks rating for Alight? ›

Broker Rating

Alight, Inc. currently has an average brokerage recommendation (ABR) of 1.11 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

What company is bigger than Vanguard? ›

BlackRock, Inc. is the world's largest investment firm and asset manager. The firm offers a multitude of investment strategies, all of which see you leave your portfolio management to one of the firm's financial advisors.

Which family owns Vanguard? ›

Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. Our company is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, we focus squarely on meeting the investment needs of our clients.

Is Vanguard an Israeli company? ›

The Vanguard Group, Inc. (commonly known as simply Vanguard) is an American registered investment advisor based in Malvern, Pennsylvania, with about $7.7 trillion in global assets under management, as of April 2023.

Why did Alight stock drop? ›

The lowered stock price target comes after Alight Solutions reported a top-line miss, attributed largely to a weaker project-based business that the company is in the process of divesting.

How many employees does Alight have? ›

Compare ALIT With Other Stocks
Alight Annual Employee Count
202218,000
202116,000
2020
2019
1 more row

How good is alight solutions? ›

Alight Solutions has an employee rating of 3.5 out of 5 stars, based on 3,201 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Who are the largest shareholders of Alight? ›

Largest shareholders include Cannae Holdings, Inc., Starboard Value LP, Vanguard Group Inc, BlackRock Inc., Glenview Capital Management, Llc, ArrowMark Colorado Holdings LLC, Fidelity National Financial, Inc., Fpr Partners Llc, Janus Henderson Group Plc, and Dimensional Fund Advisors Lp .

Who is the owner of Alight? ›

Alight is owned by our founders, employees, as well as by the investment companies DIF Capital Partners and Gullspång Invest.

What does alit mean? ›

also alit ə-ˈlit ; alighting. 1. : to get down : dismount. 2. : to descend from the air and settle : land.

Is Stantec a good company to invest in? ›

Stantec Inc has a consensus rating of Strong Buy which is based on 5 buy ratings, 1 hold ratings and 0 sell ratings. The average price target for Stantec Inc is C$125.18.

Is Lyt a good stock to buy? ›

LYT stock recorded 11/30 (37%) green days with 12.73% price volatility over the last 30 days. Based on the Lytus Technologies Holdings PTV. Ltd. stock forecast, it's now a good time to buy LYT stock because it's trading 14.39% below our forecast, and it could be undervalued.

What is the target price for Trican stock? ›

Stock Price Target TCW
High$6.75
Median$5.50
Low$4.50
Average$5.64
Current Price$4.76

Will Shift Technologies stock go up? ›

SFT Stock Forecast FAQ

Currently there's no upside potential for SFT, based on the analysts' average price target. Is SFT a Buy, Sell or Hold? Shift Technologies has a consensus rating of Hold which is based on 0 buy ratings, 1 hold ratings and 0 sell ratings.

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Neely Ledner

Last Updated:

Views: 6640

Rating: 4.1 / 5 (42 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Neely Ledner

Birthday: 1998-06-09

Address: 443 Barrows Terrace, New Jodyberg, CO 57462-5329

Phone: +2433516856029

Job: Central Legal Facilitator

Hobby: Backpacking, Jogging, Magic, Driving, Macrame, Embroidery, Foraging

Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.