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

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 260 price objective on shares of Alfa Financial Software in a report on Thursday, September 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 220 target price on shares of Alfa Financial Software in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Alfa Financial Software has an average rating of “Buy” and an average target price of GBX 256.25.

Alfa Financial Software Stock Performance

The company has a quick ratio of 1.37, a current ratio of 1.77 and a debt-to-equity ratio of 17.37. The stock has a market capitalization of £467.16 million, a PE ratio of 16.81, a PEG ratio of 4.19 and a beta of 0.23. The firm has a 50 day moving average price of GBX 161.04 and a 200-day moving average price of GBX 157.64.

Alfa Financial Software (LON:ALFA) last issued its earnings results on Thursday, September 3rd. The company reported GBX 4.55 EPS for the quarter. Alfa Financial Software had a return on equity of 53.53% and a net margin of 21.42%. Research analysts expect that Alfa Financial Software Holdings PLC will post 8.7583445 EPS for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of GBX 166, for a total value of £58,772.30. Corporate insiders own 54.97% of the company’s stock.

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.