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

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 accessed at this link.

Softcat Stock Down 0.5 %

Shares of LON:SCT opened at GBX 1,665 ($21.59) on Friday. The firm has a fifty day moving average price of GBX 1,557.09 and a two-hundred day moving average price of GBX 1,563.98. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a one year low of GBX 1,415 ($18.35) and a one year high of GBX 1,855 ($24.05). The company has a market cap of £3.31 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) 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 EPS for the current fiscal year.

Insider Transactions at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the firm’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 acquired 3,038 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Over the last ninety days, insiders bought 3,067 shares of company stock worth $4,511,098. Company insiders own 43.60% of the company’s stock.

Analyst Upgrades and Downgrades

SCT has been the subject of a number of research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective 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 report on Thursday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.75) price objective on shares of Softcat in a report on Wednesday.

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.