Softcat plc (LON:SCT) Insider Purchases £145.20 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 8 shares of Softcat stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of GBX 1,815 ($24.71) per share, with a total value of £145.20 ($197.69).

Softcat Price Performance

SCT stock opened at GBX 1,860 ($25.32) on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The business has a 50 day simple moving average of GBX 1,708.02 and a 200-day simple moving average of GBX 1,609.98. The firm has a market capitalization of £3.70 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a 1 year low of GBX 1,427 ($19.43) and a 1 year high of GBX 1,870 ($25.46).

Softcat (LON:SCT) last posted its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities research analysts anticipate that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Softcat Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th were given a GBX 8.90 ($0.12) dividend. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SCT. JPMorgan Chase & Co. increased their target price on Softcat from GBX 1,450 ($19.74) to GBX 1,759 ($23.95) and gave the company a “neutral” rating in a report on Thursday, March 20th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($21.78) target price on shares of Softcat in a report on Wednesday, March 19th. Finally, Shore Capital reissued a “buy” rating on shares of Softcat in a report on Wednesday, March 19th.

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.