Softcat plc (LON:SCT - Get Free Report) insider Graeme Watt sold 10,087 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of GBX 1,574 ($20.00), for a total transaction of £158,769.38 ($201,740.00).
Softcat Stock Up 0.3 %
SCT opened at GBX 1,577 ($20.04) on Thursday. 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 firm has a 50 day moving average price of GBX 1,606.49 and a 200-day moving average price of GBX 1,623.13. Softcat plc has a twelve month low of GBX 1,266 ($16.09) and a twelve month high of GBX 1,855 ($23.57). The stock has a market capitalization of £3.14 billion, a price-to-earnings ratio of 2,816.07, a PEG ratio of 11.51 and a beta of 0.71.
Softcat Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be issued a dividend of GBX 39 ($0.50) per share. This represents a dividend yield of 2.55%. This is a boost from Softcat's previous dividend of $8.50. The ex-dividend date is Thursday, November 7th. Softcat's payout ratio is presently 4,642.86%.
Wall Street Analysts Forecast Growth
SCT has been the topic of several analyst reports. Berenberg Bank reiterated a "hold" rating and issued a GBX 1,600 ($20.33) target price on shares of Softcat in a research note on Monday, October 28th. Shore Capital reiterated a "buy" rating on shares of Softcat in a research note 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of GBX 1,457.50 ($18.52).
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About Softcat
(
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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.
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