Alfa Financial Software (LON:ALFA) Trading 0.9% Higher – Still a Buy?

Alfa Financial Software Holdings PLC (LON:ALFA)’s stock price rose 0.9% during mid-day trading on Friday . The company traded as high as GBX 160 and last traded at GBX 158.46. 903,326 shares traded hands during 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

ALFA has been the subject of several analyst reports. Shore Capital Group upgraded Alfa Financial Software to a “buy” rating and set a GBX 270 target price for the company in a research note on Thursday, April 30th. Canaccord Genuity Group decreased their price target on Alfa Financial Software from GBX 382 to GBX 264 and set a “buy” rating on the stock in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alfa Financial Software currently has a consensus rating of “Buy” and an average price target of GBX 269.67.

Alfa Financial Software Price Performance

The business’s 50-day moving average price is GBX 155.90 and its 200 day moving average price is GBX 174.21. The stock has a market capitalization of £471.04 million, a PE ratio of 15.63, a price-to-earnings-growth 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.