Alfa Financial Software (LON:ALFA) Shares Down 1% – Here’s What Happened

Alfa Financial Software Holdings PLC (LON:ALFA) dropped 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 changed hands during 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 Analysts Forecast Growth

Several research firms recently weighed in on ALFA. Canaccord Genuity Group restated a “buy” rating and issued a GBX 220 target price on shares of Alfa Financial Software in a report 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 report on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 256.25.

Alfa Financial Software Trading Down 1.1%

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 stock has a market capitalization of £497.51 million, a price-to-earnings ratio of 17.90, a PEG ratio of 4.19 and a beta of 0.23. The company’s 50 day moving average is GBX 162.20 and its 200 day moving average is GBX 166.82.

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

Insider Activity

In related news, insider Chris Sullivan sold 35,405 shares of the company’s stock in a transaction 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.

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.