Softcat plc (LON:SCT) Insider Graham Charlton Acquires 9 Shares

Softcat plc (LON:SCT) insider Graham Charlton purchased 9 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of GBX 1,815 ($24.50) per share, for a total transaction of £163.35 ($220.53).

Softcat Stock Up 2.1%

Softcat stock opened at GBX 1,859 ($25.10) on Wednesday. The company has a market capitalization of £3.70 billion, a P/E ratio of 31.12, a P/E/G ratio of 11.51 and a beta of 0.71. The firm’s fifty day simple moving average is GBX 1,694.42 and its 200-day simple moving average is GBX 1,606.46. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat plc has a 1-year low of GBX 1,427 ($19.27) and a 1-year high of GBX 1,869 ($25.23).

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%. Sell-side analysts forecast that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Softcat Cuts Dividend

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

Analyst Upgrades and Downgrades

SCT has been the topic of a number of recent research reports. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($21.60) price target on shares of Softcat in a report on Wednesday, March 19th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Softcat from GBX 1,450 ($19.58) to GBX 1,759 ($23.75) 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.