Softcat (LON:SCT) Issues Earnings Results

Softcat (LON:SCT) announced its earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Softcat had a net margin of 12.37% and a return on equity of 43.79%.

Softcat Price Performance

Shares of SCT stock opened at GBX 1,664 ($21.58) on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a market capitalization of £3.31 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The firm’s 50-day moving average is GBX 1,557.09 and its two-hundred day moving average is GBX 1,563.98. Softcat has a 12 month low of GBX 1,415 ($18.35) and a 12 month high of GBX 1,855 ($24.05).

Softcat Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be given a dividend of GBX 8.90 ($0.12) per share. This represents a yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. Softcat’s payout ratio is currently 43.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SCT shares. JPMorgan Chase & Co. raised their price target on shares of Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the stock a “neutral” rating in a research note on Thursday. Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Wednesday. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($20.75) price target on shares of Softcat in a research report on Wednesday.

Insider Activity

In related news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson bought 3,038 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Insiders bought a total of 3,067 shares of company stock valued at $4,511,098 in the last 90 days. Company insiders own 43.60% of the company’s stock.

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.