Softcat plc (LON:SCT) Insider Graham Charlton Acquires 10 Shares

Softcat plc (LON:SCT – Get Rating) insider Graham Charlton acquired 10 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were bought at an average price of GBX 1,385 ($17.36) per share, with a total value of £138.50 ($173.56).

Shares of Softcat stock opened at GBX 1,388 ($17.39) on Wednesday. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.38 and a quick ratio of 1.22. Softcat plc has a 1-year low of GBX 1,250 ($15.66) and a 1-year high of GBX 2,251.06 ($28.21). The business’s fifty day moving average price is GBX 1,443.09 and its two-hundred day moving average price is GBX 1,595.40. The company has a market capitalization of £2.77 billion and a P/E ratio of 27.41.

The business also recently disclosed a dividend, which was paid on Friday, May 13th. Investors of record on Thursday, April 7th were paid a dividend of GBX 7.30 ($0.09) per share. This represents a dividend yield of 0.42%. The ex-dividend date was Thursday, April 7th. Softcat’s dividend payout ratio is currently 0.41%.

Several brokerages have recently issued reports on SCT. Berenberg Bank reissued a “buy” rating and set a GBX 1,900 ($23.81) price target on shares of Softcat in a report on Wednesday, March 23rd. Morgan Stanley reduced their target price on shares of Softcat from GBX 1,910 ($23.93) to GBX 1,700 ($21.30) and set an “equal weight” rating for the company in a research note on Friday, March 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,962 ($24.59).

About Softcat (Get Rating)

Softcat plc primarily acts 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.

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