Alight, Inc. (ALIT) to Issue — Dividend of $0.04 on December 16th

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

Alight Trading Down 0.4 %

NYSE ALIT opened at $8.43 on Thursday. Alight has a 52-week low of $6.15 and a 52-week high of $10.38. The firm has a 50-day moving average price of $7.25 and a 200 day moving average price of $7.42. The stock has a market capitalization of $4.60 billion, a P/E ratio of -17.55 and a beta of 0.87. 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 (NYSE:ALIT) last issued its earnings results on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.53%. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue was down .4% on a year-over-year basis. Equities research analysts expect that Alight will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ALIT. Canaccord Genuity Group upped their target price on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush cut their price objective on shares of Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC boosted their target price on shares of Alight from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp increased their price target on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.