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

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

Alight Price Performance

Shares of ALIT stock opened at $8.43 on Thursday. The firm has a market cap of $4.60 billion, a P/E ratio of -17.55 and a beta of 0.87. The firm has a fifty day moving average of $7.25 and a two-hundred day moving average of $7.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. Alight has a 1-year low of $6.15 and a 1-year high of $10.38.

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

Analysts Set New Price Targets

ALIT has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup reduced their price objective on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. lowered Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research report on Tuesday, August 20th. Needham & Company LLC upped their price target on shares of Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, 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 research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Alight has an average rating of “Moderate Buy” and an average 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.