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

Alight, Inc. (NYSE:ALIT) announced 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 Stock Down 0.4 %

Shares of NYSE:ALIT traded down $0.04 during trading hours on Wednesday, reaching $8.43. The stock had a trading volume of 20,599,822 shares, compared to its average volume of 5,714,754. Alight has a 1 year low of $6.15 and a 1 year high of $10.38. The firm’s 50 day moving average is $7.23 and its 200-day moving average is $7.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -17.54 and a beta of 0.87.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $538.39 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts predict that Alight will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Needham & Company LLC upped 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. Wedbush lowered their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. cut shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price for the company. in a report on Tuesday, August 20th. Citigroup lowered their target price on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Canaccord Genuity Group upped their target price on shares of Alight from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.