Softcat (LON:SCT) Price Target Raised to GBX 1,759 at JPMorgan Chase & Co.

Softcat (LON:SCT) had its price objective lifted by JPMorgan Chase & Co. from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a report on Wednesday.

Softcat Stock Down 2.9 %

SCT stock opened at GBX 1,679.56 ($21.78) on Thursday. The business’s 50-day simple moving average is GBX 1,557.09 and its 200 day simple moving average is GBX 1,563.98. 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 company has a market cap of £3.34 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a twelve month low of GBX 1,415 ($18.35) and a twelve month high of GBX 1,855 ($24.05).

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

Softcat Increases Dividend

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

Insider Buying and Selling at Softcat

In related news, insider Graham Charlton sold 15,380 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.31), for a total transaction of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson acquired 3,038 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Over the last three months, insiders purchased 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by company insiders.

About Softcat

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.