Teacher Retirement System of Texas Acquires 34,136 Shares of Alight, Inc. $ALIT

Teacher Retirement System of Texas increased its holdings in Alight, Inc. (NYSE:ALIT) by 47.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,297 shares of the company’s stock after purchasing an additional 34,136 shares during the period. Teacher Retirement System of Texas’ holdings in Alight were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Alight during the 1st quarter worth about $25,000. CWM LLC raised its stake in shares of Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company’s stock valued at $30,000 after acquiring an additional 4,006 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Alight by 82.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company’s stock worth $31,000 after purchasing an additional 2,348 shares during the last quarter. HB Wealth Management LLC bought a new stake in Alight during the second quarter worth approximately $62,000. Finally, Jones Financial Companies Lllp grew its holdings in Alight by 1,776.2% during the first quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company’s stock valued at $67,000 after purchasing an additional 10,657 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Alight from $6.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Needham & Company LLC decreased their price target on shares of Alight from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Wedbush lowered their price target on Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Alight Stock Performance

Shares of NYSE ALIT opened at $2.36 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -0.58 and a beta of 1.02. Alight, Inc. has a one year low of $2.25 and a one year high of $8.93. The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $4.49. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Alight had a negative net margin of 94.23% and a positive return on equity of 6.94%. The business had revenue of $533.00 million during the quarter, compared to the consensus estimate of $539.43 million. During the same period last year, the firm earned $0.09 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. Sell-side analysts expect that Alight, Inc. will post 0.54 EPS for the current year.

Alight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.16 dividend on an annualized basis and a yield of 6.8%. Alight’s payout ratio is presently -3.91%.

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.