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

Shore Capital reissued their buy rating on shares of Softcat (LON:SCT) in a research report report published on Wednesday morning, MarketBeat.com reports.

Softcat Price Performance

Shares of SCT stock opened at GBX 1,800.06 ($23.42) on Wednesday. Softcat has a twelve month low of GBX 1,415 ($18.41) and a twelve month high of GBX 1,855 ($24.13). The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The business has a fifty day simple moving average of GBX 1,553.14 and a 200 day simple moving average of GBX 1,563.25. The company has a market cap of £3.58 billion, a P/E ratio of 30.14, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share (EPS) for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, sell-side analysts forecast that Softcat will post 60.72 EPS for the current fiscal year.

Softcat Increases Dividend

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

Insider Activity

In related news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were 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 that occurred on Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.12) per share, with a total value of £44,658.60 ($58,096.27). Over the last three months, insiders have bought 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

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.