Insider Buying: Softcat plc (LON:SCT) Insider Acquires 10 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 10 shares of Softcat stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of GBX 1,544 ($18.85) per share, with a total value of £154.40 ($188.52).

Softcat Trading Up 0.9 %

Softcat stock opened at GBX 1,495 ($18.25) on Friday. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The firm has a 50-day moving average of GBX 1,582.02 and a 200-day moving average of GBX 1,591.10. The company has a market cap of £2.98 billion, a price-to-earnings ratio of 2,669.64, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a one year low of GBX 1,289 ($15.74) and a one year high of GBX 1,855 ($22.65).

Softcat Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were paid a GBX 39 ($0.48) dividend. This represents a 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 (DPR) is currently 4,642.86%.

Analyst Upgrades and Downgrades

SCT has been the subject of several recent research reports. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($19.54) target price on shares of Softcat in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,457.50 ($17.80).

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.