Softcat plc (LON:SCT) Insider Purchases £154.40 in Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of Softcat stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of GBX 1,544 ($18.85) per share, for a total transaction of £154.40 ($188.52).

Softcat Price Performance

SCT opened at GBX 1,495 ($18.25) on Friday. The stock has a market cap of £2.98 billion, a P/E ratio of 2,669.64, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a 12 month low of GBX 1,289 ($15.74) and a 12 month high of GBX 1,855 ($22.65). The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The company has a fifty day simple moving average of GBX 1,582.02 and a 200 day simple moving average of GBX 1,591.10.

Softcat Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were given a dividend of GBX 39 ($0.48) per share. The ex-dividend date was Thursday, November 7th. This represents a dividend yield of 2.55%. This is a positive change from Softcat’s previous dividend of $8.50. Softcat’s dividend payout ratio (DPR) is currently 4,642.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SCT. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($19.54) price target on shares of Softcat in a research report on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,457.50 ($17.80).

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.