Bullish indicating open at $55-$60, IPO prices at $37
Robert A. Lopes Jr., a director at Alight, Inc. (NYSE:ALIT), recently acquired 3,000 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transaction, dated March 13, 2025, saw Lopes purchase the shares at a price of $6.25 each, amounting to a total investment of $18,750. The purchase comes as the stock trades near its 52-week low of $5.97, with InvestingPro data showing management has been actively buying back shares.
Following this acquisition, Lopes now holds 23,941 shares in Alight, Inc. This total includes restricted stock units that are scheduled to vest in the future. The purchase reflects Lopes’ continued interest in the $3.16 billion market cap company, which is known for providing business services. While currently not profitable, analysts expect earnings growth in 2025, with price targets ranging from $8 to $12. Alight, Inc. is headquartered in Lincolnshire, Illinois, and according to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels.
In other recent news, Alight Solutions reported its fourth-quarter earnings, which fell slightly short of expectations, prompting DA Davidson to maintain a Buy rating with a $10 price target. The company has projected an adjusted EBITDA increase of 4% to 9% for 2025, aided by $55 million in annual savings from a restructuring program. Alight has announced a quarterly cash dividend of $0.04 per share for its Class A Common Stock, payable on March 17, 2025, to shareholders on record by March 3, 2025. Meanwhile, JPMorgan maintained a Neutral rating on Alight with an $8 price target, citing a conservative outlook on nonrecurring project revenue and new bookings, though it expects growth in 2025.
Significant changes to Alight’s Board of Directors include the appointment of Russell Fradin as Chairman, succeeding William P. Foley, II, who will remain on the board. The board changes are part of a collaboration with Starboard Value, LP, aimed at enhancing leadership and oversight. Alight also promoted Allison Bassiouni to Chief Delivery Officer and Deepika Duggirala to Chief Technology Officer, effective January 1, 2025, as part of its leadership transition. These recent developments underscore Alight’s strategic focus on growth, restructuring, and leadership enhancement.
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