Softcat (LON:SCT) Stock Price Passes Below 50 Day Moving Average of $1,235.78

Softcat plc (LON:SCTGet Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,235.78 ($15.08) and traded as low as GBX 1,207 ($14.73). Softcat shares last traded at GBX 1,227 ($14.97), with a volume of 364,749 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SCT. Berenberg Bank decreased their target price on shares of Softcat from GBX 1,900 ($23.18) to GBX 1,500 ($18.30) and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Friday, December 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 2,010 ($24.53) target price on shares of Softcat in a research note on Thursday, October 27th.

Softcat Trading Up 1.9 %

The firm has a market cap of £2.45 billion and a P/E ratio of 2,230.91. The firm’s fifty day moving average is GBX 1,235.78 and its two-hundred day moving average is GBX 1,249.68. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 3.16.

Softcat Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 19th. Investors of record on Thursday, November 10th were issued a GBX 29.20 ($0.36) dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a yield of 2.52%. This is a boost from Softcat’s previous dividend of $7.30. Softcat’s payout ratio is 39.45%.

Insider Activity at Softcat

In related news, insider Graham Charlton sold 12,801 shares of Softcat stock in a transaction on Friday, December 30th. The shares were sold at an average price of GBX 1,188 ($14.50), for a total value of £152,075.88 ($185,571.54). In other news, insider Graham Charlton sold 12,801 shares of the business’s stock in a transaction on Friday, December 30th. The shares were sold at an average price of GBX 1,188 ($14.50), for a total transaction of £152,075.88 ($185,571.54). Also, insider Graeme Watt sold 26,631 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of GBX 1,209 ($14.75), for a total transaction of £321,968.79 ($392,884.43).

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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