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

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

Softcat Stock Performance

LON SCT opened at GBX 1,647 ($21.27) on Wednesday. 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 capitalization of £3.28 billion, a P/E ratio of 27.57, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 12-month low of GBX 1,415 ($18.27) and a 12-month high of GBX 1,855 ($23.95). The firm has a 50-day moving average price of GBX 1,560.13 and a two-hundred day moving average price of GBX 1,564.59.

Softcat (LON:SCT) last posted 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 net margin of 12.37% and a return on equity of 43.79%. Analysts anticipate that Softcat will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

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

Insider Transactions at Softcat

In other news, insider Jacqui Ferguson purchased 3,038 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was bought 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 company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.23), for a total transaction of £229,008.20 ($295,685.22). In the last 90 days, insiders bought 3,067 shares of company stock valued at $4,511,098. Company 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.