Alight (NYSE:ALIT) Reaches New 12-Month Low - Here's Why

Key Points

• Alight, Inc. reached a new **52-week low** of $3.53 during trading, down 2.9%, with analysts reducing their price targets to between **$6.00 and $7.00** while maintaining a **"Buy" rating** consensus.
• The company reported **$0.10 EPS** for the recent quarter, aligning with analyst estimates, but had a **negative net margin of 50.37%** and a year-over-year revenue decline of **1.9%**.
• Alight announced a **quarterly dividend** of $0.04 per share, yielding **4.6% annually**, despite having a negative **dividend payout ratio** of -7.24%.

Alight, Inc. (NYSE:ALIT - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.54 and last traded at $3.53, with a volume of 236117 shares trading hands. The stock had previously closed at $3.59.

Analyst Ratings Changes

Several brokerages recently issued reports on ALIT. UBS Group decreased their target price on 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 decreased their target price on Alight from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Finally, Wedbush decreased their target price on Alight from $9.00 to $7.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $8.75.

Alight Stock Down 2.0%

The firm has a 50-day moving average of $4.34 and a two-hundred day moving average of $5.14. The company has a market capitalization of $1.81 billion, a PE ratio of -1.52 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.64.

Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings results 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 positive return on equity of 6.26% and a negative net margin of 50.37%.The company had revenue of $528.00 million for the quarter, compared to analysts' expectations of $525.26 million. During the same period last year, the firm earned $0.05 earnings per share. Alight's quarterly revenue was down 1.9% on a year-over-year basis. Alight has set its FY 2025 guidance at 0.580-0.640 EPS. Equities research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current fiscal year.

Alight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Alight's payout ratio is currently -7.24%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Alight in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in Alight by 152.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company's stock valued at $29,000 after purchasing an additional 3,138 shares in the last quarter. CWM LLC increased its holdings in Alight by 364.8% in the 1st quarter. CWM LLC now owns 5,104 shares of the company's stock valued at $30,000 after purchasing an additional 4,006 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $31,000 after purchasing an additional 2,348 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Alight by 5,505.8% in the 1st quarter. GAMMA Investing LLC now owns 7,792 shares of the company's stock valued at $46,000 after purchasing an additional 7,653 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

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.