Insider Buying: Softcat plc (LON:SCT) Insider Buys 9 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 9 shares of Softcat stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of GBX 1,815 ($24.60) per share, with a total value of £163.35 ($221.37).

Softcat Price Performance

Shares of SCT stock traded up GBX 39 ($0.53) during midday trading on Tuesday, reaching GBX 1,859 ($25.19). 403,513 shares of the company traded hands, compared to its average volume of 960,553. The firm’s 50 day simple moving average is GBX 1,689.18 and its two-hundred day simple moving average is GBX 1,604.65. Softcat plc has a 1-year low of GBX 1,427 ($19.34) and a 1-year high of GBX 1,869 ($25.33). 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 firm has a market cap of £3.70 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

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 net margin of 12.37% and a return on equity of 43.79%. On average, equities research analysts expect that Softcat plc will post 60.72 EPS 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 dividend of GBX 8.90 ($0.12) per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SCT shares. JPMorgan Chase & Co. raised their price objective on shares of Softcat from GBX 1,450 ($19.65) to GBX 1,759 ($23.84) and gave the company a “neutral” rating in a research report on Thursday, March 20th. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($21.68) price objective on shares of Softcat in a research report on Wednesday, March 19th. Finally, Shore Capital restated a “buy” rating on shares of Softcat in a research 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.