Softcat plc (LON:SCT) Insider Kathryn Mecklenburgh Buys 8 Shares of Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 8 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of GBX 1,815 ($24.50) per share, for a total transaction of £145.20 ($196.03).

Softcat Trading Up 2.1%

Shares of SCT stock opened at GBX 1,859 ($25.10) on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market cap of £3.70 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock has a 50 day simple moving average of GBX 1,694.42 and a 200 day simple moving average of GBX 1,606.46. 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 released its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, research analysts predict that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Softcat Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SCT shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,600 ($21.60) target price on shares of Softcat in a research report on Wednesday, March 19th. JPMorgan Chase & Co. boosted their price target on Softcat from GBX 1,450 ($19.58) to GBX 1,759 ($23.75) and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Shore Capital restated a “buy” rating on shares of Softcat in a 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.