Insider Buying: Softcat plc (LON:SCT) Insider Buys 10 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of GBX 1,544 ($19.00) per share, with a total value of £154.40 ($189.98).

Softcat Stock Up 0.7 %

SCT opened at GBX 1,482 ($18.24) on Friday. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. Softcat plc has a twelve month low of GBX 1,283 ($15.79) and a twelve month high of GBX 1,855 ($22.83). The company has a market cap of £2.95 billion, a PE ratio of 2,646.43, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a 50-day moving average price of GBX 1,587.86 and a 200 day moving average price of GBX 1,593.30.

Softcat Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were issued 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 boost from Softcat’s previous dividend of $8.50. Softcat’s dividend payout ratio is presently 4,642.86%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($19.69) price target on shares of Softcat in a research note on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Softcat currently has an average rating of “Hold” and a consensus price target of GBX 1,457.50 ($17.93).

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.