Softcat (LON:SCT) Issues Earnings Results

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

Softcat Trading Down 1.9 %

SCT traded down GBX 32 ($0.41) during trading hours on Friday, reaching GBX 1,641 ($21.28). 7,880,357 shares of the company’s stock traded hands, compared to its average volume of 1,083,665. The firm has a 50-day moving average price of GBX 1,557.09 and a 200 day moving average price of GBX 1,563.98. Softcat has a 52-week low of GBX 1,415 ($18.35) and a 52-week high of GBX 1,855 ($24.05). The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of £3.26 billion, a PE ratio of 27.47, a PEG ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

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

Insider Activity at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction on 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). Also, insider Jacqui Ferguson purchased 3,038 shares of Softcat stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Insiders acquired a total of 3,067 shares of company stock worth $4,511,098 in the last quarter. 43.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted 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 research report on Thursday. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Wednesday. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($20.75) target price on shares of Softcat in a research report on Wednesday.

Softcat Company Profile

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.