Softcat (LON:SCT) Given Hold Rating at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Softcat (LON:SCT) in a report issued on Wednesday,London Stock Exchange reports. Berenberg Bank currently has a GBX 1,600 ($20.81) target price on the stock.

A number of other equities research analysts also recently commented on SCT. Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Softcat from GBX 1,450 ($18.86) to GBX 1,759 ($22.88) and gave the company a “neutral” rating in a research report on Thursday.

Softcat Price Performance

LON SCT traded down GBX 43 ($0.56) on Wednesday, reaching GBX 1,686 ($21.93). 2,713,538 shares of the stock traded hands, compared to its average volume of 1,001,536. The firm’s fifty day simple moving average is GBX 1,553.14 and its 200 day simple moving average is GBX 1,563.25. 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 cap of £3.35 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 12 month low of GBX 1,415 ($18.41) and a 12 month high of GBX 1,855 ($24.13).

Softcat (LON:SCT) last announced its quarterly earnings data 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 predict that Softcat will post 60.72 EPS for the current fiscal year.

Softcat Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 20th will be issued a GBX 67.50 ($0.88) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.55%. This is a positive change from Softcat’s previous dividend of $39.00. Softcat’s dividend payout ratio is presently 43.53%.

Insider Activity

In other Softcat news, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.12) per share, for a total transaction of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). Insiders acquired 3,067 shares of company stock worth $4,511,098 over the last quarter. Corporate 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.