Softcat plc (LON:SCT) Insider Sells £112,667.06 in Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.96), for a total value of £112,667.06 ($143,946.67).

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

• On Tuesday, December 3rd, Graeme Watt sold 10,087 shares of Softcat stock. The stock was sold at an average price of GBX 1,574 ($20.11), for a total value of £158,769.38 ($202,848.32).

Softcat Trading Down 1.5 %

LON:SCT opened at GBX 1,551 ($19.82) on Wednesday. The stock’s 50 day moving average price is GBX 1,609.05 and its 200 day moving average price is GBX 1,620.25. The company has a market capitalization of £3.09 billion, a PE ratio of 2,769.64, a P/E/G ratio of 11.51 and a beta of 0.71. 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 52-week low of GBX 1,266 ($16.17) and a 52-week high of GBX 1,855 ($23.70).

Softcat Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SCT. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($20.44) price target on shares of Softcat in a research note on Monday, October 28th. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,457.50 ($18.62).

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.