Softcat plc (LON:SCT) Declares Dividend of GBX 8.90

Softcat plc (LON:SCT) declared a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be given a dividend of GBX 8.90 ($0.12) per share on Wednesday, May 21st. This represents a yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. The official announcement can be seen at this link.

Softcat Stock Down 0.5 %

SCT opened at GBX 1,665 ($21.59) on Friday. The stock has a market cap of £3.31 billion, a PE ratio of 27.88, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. Softcat has a 52 week low of GBX 1,415 ($18.35) and a 52 week high of GBX 1,855 ($24.05). The business’s fifty day simple moving average is GBX 1,557.09 and its 200 day simple moving average is GBX 1,563.98.

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

Insider Buying and Selling at Softcat

In other Softcat news, insider Jacqui Ferguson bought 3,038 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Also, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction that occurred on 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). Over the last 90 days, insiders purchased 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SCT. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.75) target price on shares of Softcat in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on 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. Finally, Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Wednesday.

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.