Insider Buying: Softcat plc (LON:SCT) Insider Acquires 9 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton purchased 9 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were purchased at an average price of GBX 1,815 ($24.60) per share, for a total transaction of £163.35 ($221.37).

Softcat Stock Up 2.1%

Shares of LON SCT traded up GBX 39 ($0.53) during mid-day trading on Tuesday, hitting GBX 1,859 ($25.19). The company had a trading volume of 403,513 shares, compared to its average volume of 960,553. The company has a market capitalization of £3.70 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat plc has a 1-year low of GBX 1,427 ($19.34) and a 1-year high of GBX 1,869 ($25.33). The business’s 50-day simple moving average is GBX 1,689.18 and its 200 day simple moving average is GBX 1,604.65.

Softcat (LON:SCT) last announced its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on SCT shares. JPMorgan Chase & Co. upped their price target on Softcat from GBX 1,450 ($19.65) to GBX 1,759 ($23.84) and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($21.68) price target on shares of Softcat in a research note on Wednesday, March 19th. Finally, Shore Capital restated a “buy” rating on shares of Softcat in a research note 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.