Graham Charlton Buys 10 Shares of Softcat plc (LON:SCT) Stock

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

Softcat Stock Performance

LON SCT opened at GBX 1,482 ($18.24) on Friday. The firm has a market capitalization of £2.95 billion, a P/E ratio of 2,646.43, a PEG ratio of 11.51 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 1,587.86 and a two-hundred day simple moving average of GBX 1,593.30. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. Softcat plc has a fifty-two week low of GBX 1,283 ($15.79) and a fifty-two week high of GBX 1,855 ($22.83).

Softcat Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on SCT shares. Shore Capital reissued a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($19.69) price target on shares of Softcat in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.