Alfa Financial Software (LON:ALFA) Stock Price Down 1% – Here’s Why

Alfa Financial Software Holdings PLC (LON:ALFA) fell 1% during trading on Thursday. The company traded as low as GBX 168.75 and last traded at GBX 169.80. Approximately 618,959 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,987,546 shares. The stock had previously closed at GBX 171.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group reissued 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 reaffirmed a “buy” rating and set a GBX 260 target price 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, Alfa Financial Software currently has an average rating of “Buy” and an average price target of GBX 256.25.

Alfa Financial Software Stock Performance

The firm’s fifty day simple moving average is GBX 162.15 and its 200 day simple moving average is GBX 167.06. The company has a market capitalization of £505.24 million, a price-to-earnings ratio of 18.18, a PEG ratio of 4.19 and a beta of 0.23. The company has a debt-to-equity ratio of 17.37, a current ratio of 1.77 and a quick ratio of 1.37.

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

Insider Activity at Alfa Financial Software

In related news, insider Chris Sullivan sold 35,405 shares of the 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. Insiders own 54.97% of the company’s stock.

Alfa Financial Software Company Profile

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.