Alight, Inc. (NYSE:ALIT) Receives $9.07 Consensus PT 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.

Shares of Alight, Inc. (NYSE:ALIT - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $9.0714.

A number of brokerages have recently weighed in on ALIT. Wedbush dropped their price target on Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Needham & Company LLC dropped their price target on Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Finally, UBS Group dropped their price target on Alight from $10.00 to $6.50 and set a "buy" rating on the stock in a research report on Wednesday, August 6th.

Institutional Trading of Alight

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new position in Alight in the 2nd quarter worth approximately $32,050,000. Winslow Asset Management Inc. grew its holdings in Alight by 21.7% in the 2nd quarter. Winslow Asset Management Inc. now owns 19,355 shares of the company's stock worth $110,000 after buying an additional 3,450 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Alight by 37.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 50,810 shares of the company's stock worth $288,000 after buying an additional 13,960 shares in the last quarter. Corient Private Wealth LLC bought a new position in Alight in the 2nd quarter worth approximately $139,000. Finally, Captrust Financial Advisors bought a new position in Alight in the 2nd quarter worth approximately $124,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Alight Stock Performance

NYSE:ALIT traded up $0.0950 during trading hours on Wednesday, reaching $3.8550. 10,194,170 shares of the stock were exchanged, compared to its average volume of 9,757,480. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $5.54. Alight has a 52 week low of $3.62 and a 52 week high of $8.93. The stock has a market capitalization of $2.08 billion, a P/E ratio of -1.74 and a beta of 1.00.

Alight (NYSE:ALIT - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $528.00 million for the quarter, compared to the consensus estimate of $525.26 million. Alight had a positive return on equity of 6.26% and a negative net margin of 50.37%.Alight's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. As a group, sell-side analysts forecast that Alight will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

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

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.