Alfa Financial Software (LON:ALFA) Stock Price Up 0.9% – Here’s Why

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price shot up 0.9% during trading on Friday . The stock traded as high as GBX 160 and last traded at GBX 158.46. Approximately 903,326 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,946,559 shares. The stock had previously closed at GBX 157.

Analysts Set New Price Targets

A number of research firms have issued reports on ALFA. Canaccord Genuity Group decreased their target price on Alfa Financial Software from GBX 382 to GBX 264 and set a “buy” rating for the company in a research report on Friday, March 13th. Shore Capital Group raised Alfa Financial Software to a “buy” rating and set a GBX 270 price target on the stock in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 269.67.

Alfa Financial Software Stock Up 0.9%

The stock’s 50 day moving average is GBX 155.90 and its 200 day moving average is GBX 174.21. The company has a market capitalization of £471.04 million, a PE ratio of 15.63, a PEG ratio of 4.19 and a beta of 0.23. The company has a debt-to-equity ratio of 17.99, a quick ratio of 1.37 and a current ratio of 1.60.

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.