Softcat plc (LON:SCT) Insider Sells £229,008.20 in Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($18.11), for a total value of £229,008.20 ($278,531.01).

Graham Charlton also recently made the following trade(s):

• On Tuesday, January 7th, Graham Charlton acquired 10 shares of Softcat stock. The stock was acquired at an average price of GBX 1,544 ($18.78) per share, with a total value of £154.40 ($187.79).

Softcat Stock Down 0.3 %

SCT stock opened at GBX 1,491 ($18.13) on Monday. 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 1,315.90 ($16.00) and a 52 week high of GBX 1,855 ($22.56). The stock has a market capitalization of £2.97 billion, a PE ratio of 2,662.50, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The firm has a 50 day moving average of GBX 1,555.96 and a 200 day moving average of GBX 1,576.99.

Softcat Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were paid a dividend of GBX 39 ($0.47) per share. This represents a dividend yield of 2.55%. This is an increase 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 presently 4,642.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SCT. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($19.46) target price on shares of Softcat in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Softcat presently has a consensus rating of “Hold” and a consensus target price of GBX 1,457.50 ($17.73).

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.