Alight, Inc. (NYSE:ALIT) Receives $9.07 Consensus Price Target from Brokerages

Key Points

• Alight, Inc. has received an average consensus rating of "Buy" from seven brokerages, along with an average price objective of $9.0714 for the next year.
• Recent earnings results revealed a quarterly revenue of $528 million, slightly above analyst estimates, with a negative net margin of 50.37%.
• The company declared a quarterly dividend of $0.04 per share, representing a 4.2% dividend yield, with the ex-dividend date set for September 2nd.

Alight, Inc. (NYSE:ALIT - Get Free Report) has been assigned an average recommendation of "Buy" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $9.0714.

ALIT has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of Alight from $10.00 to $6.50 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Needham & Company LLC lowered their target price on Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Wedbush lowered their target price on Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th.

Alight Stock Performance

Shares of NYSE ALIT traded up $0.0950 during midday trading on Wednesday, reaching $3.8550. 10,194,170 shares of the company traded hands, compared to its average volume of 8,070,712. Alight has a 52 week low of $3.62 and a 52 week high of $8.93. The stock has a 50-day moving average price of $5.13 and a 200 day moving average price of $5.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -1.74 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. Alight had a negative net margin of 50.37% and a positive return on equity of 6.26%. The business had revenue of $528.00 million for the quarter, compared to analysts' expectations of $525.26 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. Sell-side analysts anticipate that Alight will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Alight's payout ratio is presently -7.24%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new position in Alight during the first quarter worth about $25,000. CWM LLC increased its stake in Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company's stock worth $30,000 after purchasing an additional 4,006 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Alight by 82.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company's stock worth $31,000 after purchasing an additional 2,348 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Alight by 152.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company's stock worth $29,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Alight by 40.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,101 shares of the company's stock worth $49,000 after purchasing an additional 2,059 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

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.