Softcat plc (LON:SCT) Insider Buys £145.20 in Stock

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

Softcat Trading Down 0.2%

Shares of Softcat stock traded down GBX 3 ($0.04) during midday trading on Wednesday, reaching GBX 1,856 ($25.06). The company had a trading volume of 190,474 shares, compared to its average volume of 953,616. The stock has a fifty day moving average price of GBX 1,694.42 and a 200 day moving average price of GBX 1,606.46. Softcat plc has a fifty-two week low of GBX 1,427 ($19.27) and a fifty-two week high of GBX 1,869 ($25.23). The firm has a market cap of £3.69 billion, a PE ratio of 31.07, a P/E/G 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 (LON:SCT - Get Free Report) last issued its quarterly 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%. On average, equities analysts anticipate that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SCT shares. JPMorgan Chase & Co. boosted their price objective 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. Shore Capital reaffirmed a "buy" rating on shares of Softcat in a research note on Wednesday, March 19th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 1,600 ($21.60) price target on shares of Softcat in a report on Wednesday, March 19th.

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.