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

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

Softcat Trading Up 0.2%

SCT stock opened at GBX 1,860 ($25.32) on Friday. The company’s 50-day simple moving average is GBX 1,708.02 and its 200-day simple moving average is GBX 1,609.98. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. Softcat plc has a 52-week low of GBX 1,427 ($19.43) and a 52-week high of GBX 1,870 ($25.46). The firm has a market cap of £3.70 billion, a P/E ratio of 31.14, a PEG ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last posted its 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%. As a group, equities analysts forecast that Softcat plc will post 60.72 EPS for the current fiscal year.

Softcat Cuts Dividend

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

Analyst Ratings Changes

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

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.