Alight, Inc. (NYSE:ALIT) Plans — Dividend of $0.04

Alight, Inc. (NYSE:ALIT) declared a — dividend on Tuesday, November 12th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.04 per share on Monday, December 16th. The ex-dividend date of this dividend is Monday, December 2nd.

Alight Stock Down 0.4 %

ALIT stock traded down $0.04 during trading on Wednesday, hitting $8.43. 20,599,822 shares of the company’s stock traded hands, compared to its average volume of 5,714,754. The firm has a market capitalization of $4.60 billion, a P/E ratio of -17.54 and a beta of 0.87. The business has a fifty day simple moving average of $7.23 and a two-hundred day simple moving average of $7.41. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.55. Alight has a 1 year low of $6.15 and a 1 year high of $10.38.

Alight (NYSE:ALIT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. Alight had a negative net margin of 7.95% and a positive return on equity of 5.53%. Alight’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. Sell-side analysts anticipate that Alight will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ALIT. KeyCorp lifted their price objective on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of 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. Needham & Company LLC lifted their price objective on shares of Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush lowered their price objective 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.95.

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.