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

Softcat plc (LON:SCT) insider Graham Charlton bought 10 shares of Softcat stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of GBX 1,544 ($19.09) per share, for a total transaction of £154.40 ($190.85).

Softcat Stock Performance

Shares of SCT opened at GBX 1,471 ($18.18) on Thursday. The firm has a market cap of £2.93 billion, a price-to-earnings ratio of 2,626.79, a PEG ratio of 11.51 and a beta of 0.71. The business’s 50 day moving average is GBX 1,594.34 and its two-hundred day moving average is GBX 1,595.25. 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 1,283 ($15.86) and a 52-week high of GBX 1,855 ($22.93).

Softcat Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Thursday, November 7th were issued a GBX 39 ($0.48) dividend. This represents a yield of 2.55%. This is a positive change from Softcat’s previous dividend of $8.50. The ex-dividend date of this dividend was Thursday, November 7th. Softcat’s dividend payout ratio is 4,642.86%.

Wall Street Analyst Weigh In

SCT has been the topic of a number of recent analyst reports. Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($19.78) price target on shares of Softcat in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,457.50 ($18.02).

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.