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

Alight, Inc. (NYSE:ALIT) declared 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 dividend yield of 2.38%.

Alight Trading Up 1.3 %

Alight stock opened at $6.73 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. Alight has a fifty-two week low of $6.15 and a fifty-two week high of $10.38. The firm has a 50 day moving average price of $6.87 and a 200 day moving average price of $7.16.

Alight (NYSE:ALIT) last posted 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. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $538.39 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Analysts forecast that Alight will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, President Gregory R. Goff sold 250,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total value of $2,000,000.00. Following the transaction, the president now owns 852,694 shares of the company’s stock, valued at $6,821,552. This represents a 22.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.