Softcat (LON:SCT) Announces Earnings Results

Softcat (LON:SCT) issued its quarterly earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share for the quarter, Digital Look Earnings reports. Softcat had a net margin of 12.37% and a return on equity of 43.79%.

Softcat Stock Down 1.9 %

Softcat stock traded down GBX 31 ($0.40) during mid-day trading on Friday, hitting GBX 1,642 ($21.29). The company’s stock had a trading volume of 7,884,653 shares, compared to its average volume of 1,083,741. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a 52-week low of GBX 1,415 ($18.35) and a 52-week high of GBX 1,855 ($24.05). The firm’s 50 day moving average is GBX 1,557.09 and its 200 day moving average is GBX 1,563.98. The company has a market cap of £3.27 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a dividend of GBX 8.90 ($0.12) per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s dividend payout ratio is 43.53%.

Insider Buying and Selling at Softcat

In related news, insider Jacqui Ferguson purchased 3,038 shares of Softcat stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Also, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). Insiders have acquired a total of 3,067 shares of company stock valued at $4,511,098 in the last 90 days. 43.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SCT has been the topic of several recent research reports. Shore Capital restated a “buy” rating on shares of Softcat in a research report on Wednesday. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($20.75) target price on shares of Softcat in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the company a “neutral” rating in a report on Thursday.

About Softcat

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.