Softcat plc (LON:SCT) Insider Purchases £163.35 in Stock

Softcat plc (LON:SCT) insider Graham Charlton purchased 9 shares of the stock in a transaction on Monday, June 9th. The shares were acquired at an average price of GBX 1,815 ($24.71) per share, for a total transaction of £163.35 ($222.40).

Softcat Price Performance

Softcat stock opened at GBX 1,860 ($25.32) on Friday. Softcat plc has a 12 month low of GBX 1,427 ($19.43) and a 12 month high of GBX 1,870 ($25.46). 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 stock 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 (LON:SCT) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

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

Wall Street Analyst Weigh In

SCT has been the topic of several research analyst reports. Shore Capital restated a “buy” rating on shares of Softcat in a report on Wednesday, March 19th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($21.78) price objective on shares of Softcat in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their price target 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.

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.