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

Alight, Inc. (NYSE:ALIT) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.04 per share on Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, March 3rd.

Alight Trading Up 0.4 %

Shares of Alight stock opened at $6.76 on Friday. The firm’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $7.16. Alight has a 12-month low of $6.15 and a 12-month high of $10.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

Alight (NYSE:ALIT) last issued its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $555.00 million during the quarter, compared to analyst estimates of $538.39 million. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, analysts expect that Alight will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALIT has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. KeyCorp raised their price target on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group upped their price objective on shares of Alight from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Alight has a consensus rating of “Moderate Buy” and a consensus price target of $10.61.

Insider Activity at Alight

In other news, President Gregory R. Goff sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total transaction of $2,000,000.00. Following the sale, the president now directly owns 852,694 shares in the company, valued at $6,821,552. This trade represents a 22.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.33% of the company’s stock.

Alight Company Profile

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.