Softcat (LON:SCT) Receives “Hold” Rating from Berenberg Bank

Berenberg Bank restated their hold rating on shares of Softcat (LON:SCT) in a research note released on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 1,600 ($20.66) target price on the stock.

Several other analysts have also weighed in on SCT. JPMorgan Chase & Co. raised their price objective on shares of Softcat from GBX 1,450 ($18.72) to GBX 1,759 ($22.71) and gave the stock a “neutral” rating in a report on Thursday. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a report on Wednesday.

Softcat Stock Performance

LON:SCT opened at GBX 1,647 ($21.27) on Wednesday. Softcat has a 12-month low of GBX 1,415 ($18.27) and a 12-month high of GBX 1,855 ($23.95). 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 firm has a market capitalization of £3.28 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The firm has a 50-day moving average price of GBX 1,560.13 and a 200 day moving average price of GBX 1,564.59.

Softcat (LON:SCT) last posted 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%. Research analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

Softcat Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a GBX 8.90 ($0.11) dividend. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. Softcat’s dividend payout ratio is currently 43.53%.

Insider Activity at Softcat

In related news, insider Jacqui Ferguson purchased 3,038 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of GBX 1,470 ($18.98) per share, with a total value of £44,658.60 ($57,661.20). Also, insider Graham Charlton sold 15,380 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.23), for a total transaction of £229,008.20 ($295,685.22). Insiders purchased a total of 3,067 shares of company stock valued at $4,511,098 over the last quarter. Corporate insiders own 43.60% of the company’s stock.

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.