Graeme Watt Sells 7,213 Shares of Softcat plc (LON:SCT) Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.93), for a total transaction of £112,667.06 ($143,726.32).

Graeme Watt also recently made the following trade(s):

• On Tuesday, December 3rd, Graeme Watt sold 10,087 shares of Softcat stock. The shares were sold at an average price of GBX 1,574 ($20.08), for a total transaction of £158,769.38 ($202,537.80).

Softcat Trading Down 0.8 %

Shares of SCT stock opened at GBX 1,538 ($19.62) on Thursday. Softcat plc has a 1 year low of GBX 1,267 ($16.16) and a 1 year high of GBX 1,855 ($23.66). The firm has a fifty day moving average price of GBX 1,608.77 and a 200-day moving average price of GBX 1,619.05. The company has a market cap of £3.06 billion, a price-to-earnings ratio of 2,746.43, a PEG ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Softcat Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be issued a dividend of GBX 39 ($0.50) per share. This represents a yield of 2.55%. The ex-dividend date is Thursday, November 7th. This is a positive change from Softcat’s previous dividend of $8.50. Softcat’s payout ratio is currently 4,642.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($20.41) price target on shares of Softcat in a research note on Monday, October 28th. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,457.50 ($18.59).

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.