Softcat (LON:SCT) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Softcat (LON:SCT) in a research note released on Wednesday, MarketBeat Ratings reports.

Softcat Trading Up 10.9 %

SCT opened at GBX 1,800.06 ($23.42) on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The firm has a 50-day moving average price of GBX 1,553.14 and a two-hundred day moving average price of GBX 1,563.25. The stock has a market capitalization of £3.58 billion, a PE ratio of 30.14, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a 1-year low of GBX 1,415 ($18.41) and a 1-year high of GBX 1,855 ($24.13).

Softcat (LON:SCT) last posted its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, equities analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

Softcat Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 20th will be paid a dividend of GBX 67.50 ($0.88) per share. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, March 20th. This is a boost from Softcat’s previous dividend of $39.00. Softcat’s dividend payout ratio (DPR) is currently 43.53%.

Insider Buying and Selling

In related news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). Also, insider Jacqui Ferguson acquired 3,038 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of GBX 1,470 ($19.12) per share, for a total transaction of £44,658.60 ($58,096.27). In the last 90 days, insiders purchased 3,067 shares of company stock valued at $4,511,098. Company insiders own 43.60% of the company’s stock.

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.