Softcat PLC (LON:SCT) Insider Sells £1,129,700 in Stock

Softcat PLC (LON:SCT) insider Vinodka Murria sold 130,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 869 ($11.43), for a total value of £1,129,700 ($1,486,056.30).

Shares of LON:SCT opened at GBX 1,041 ($13.69) on Thursday. The firm has a market capitalization of $2.07 billion and a PE ratio of 30.26. The business has a 50-day moving average of GBX 1,089.59 and a two-hundred day moving average of GBX 1,085.85. Softcat PLC has a 12 month low of GBX 769 ($10.12) and a 12 month high of GBX 1,277 ($16.80).

Softcat (LON:SCT) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 16.70 ($0.22) EPS for the quarter.

The company also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a yield of 0.58%. Softcat’s dividend payout ratio is presently 0.44%.

Several equities research analysts have commented on SCT shares. Berenberg Bank upgraded Softcat to a “buy” rating in a research note on Wednesday, March 18th. Jefferies Financial Group upped their price target on Softcat from GBX 1,300 ($17.10) to GBX 1,440 ($18.94) and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Peel Hunt restated a “buy” rating on shares of Softcat in a research note on Tuesday, March 17th. Barclays started coverage on Softcat in a research note on Tuesday, March 10th. They set an “overweight” rating and a GBX 1,220 ($16.05) price target for the company. Finally, Credit Suisse Group dropped their price target on Softcat from GBX 1,100 ($14.47) to GBX 950 ($12.50) and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Softcat currently has an average rating of “Buy” and a consensus target price of GBX 1,184.50 ($15.58).

Softcat Company Profile

Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.

Further Reading: 52 Week Highs

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