Alfa Financial Software (LON:ALFA) Trading Up 0.7% – What’s Next?

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price shot up 0.7% during mid-day trading on Monday . The company traded as high as GBX 218 ($2.83) and last traded at GBX 216.50 ($2.81). 977,390 shares were traded during trading, an increase of 220% from the average session volume of 305,797 shares. The stock had previously closed at GBX 215 ($2.79).

Alfa Financial Software Trading Up 2.3 %

The company has a debt-to-equity ratio of 20.78, a quick ratio of 1.37 and a current ratio of 1.43. The firm has a fifty day moving average price of GBX 204.08 and a 200 day moving average price of GBX 188.81. The company has a market cap of £649.48 million, a price-to-earnings ratio of 3,142.86, a P/E/G ratio of 4.19 and a beta of 0.08.

Alfa Financial Software Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 4.20 ($0.05) per share. The ex-dividend date is Thursday, September 26th. This is a positive change from Alfa Financial Software’s previous dividend of $1.30. This represents a dividend yield of 2.16%. Alfa Financial Software’s payout ratio is currently 1,428.57%.

Insider Activity at Alfa Financial Software

In related news, insider Matthew White sold 828,551 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of GBX 212 ($2.75), for a total value of £1,756,528.12 ($2,277,951.13). 58.40% of the stock is currently owned by company insiders.

About Alfa Financial Software

Alfa Financial Software Holdings PLC, through its subsidiaries, provides software and consultancy services to the auto and equipment finance industry in the United Kingdom, the United States, rest of Europe, the Middle East, Africa, and internationally. It operates through Subscription, Software, and Services segments.