Alfa Financial Software (LON:ALFA) Shares Down 0.6% – Here’s Why

Alfa Financial Software Holdings PLC (LON:ALFA)’s stock price was down 0.6% on Thursday. The company traded as low as GBX 156.80 and last traded at GBX 157. Approximately 336,865 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,980,901 shares. The stock had previously closed at GBX 158.

Analysts Set New Price Targets

A number of research firms recently commented on ALFA. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 220 price objective on shares of Alfa Financial Software in a research note on Thursday, July 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 260 price target on shares of Alfa Financial Software in a research report on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 256.25.

Alfa Financial Software Trading Up 2.4%

The company has a market cap of £478.46 million, a PE ratio of 17.22, a PEG ratio of 4.19 and a beta of 0.23. The company has a debt-to-equity ratio of 17.37, a quick ratio of 1.37 and a current ratio of 1.77. The company has a 50 day simple moving average of GBX 160.98 and a two-hundred day simple moving average of GBX 157.66.

Alfa Financial Software (LON:ALFA) last released its earnings results on Thursday, September 3rd. The company reported GBX 4.55 earnings per share (EPS) for the quarter. Alfa Financial Software had a net margin of 21.42% and a return on equity of 53.53%. Sell-side analysts forecast that Alfa Financial Software Holdings PLC will post 8.76 EPS for the current year.

Insider Transactions at Alfa Financial Software

In other Alfa Financial Software news, insider Chris Sullivan sold 35,405 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 166, for a total value of £58,772.30. 54.97% of the stock is owned by company insiders.

About Alfa Financial Software

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully.

Alfa Systems, our class-leading SaaS platform, is at the heart of the world’s largest and most progressive asset finance operations. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience.

With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.