Softcat (LON:SCT) Issues Quarterly Earnings Results

Softcat (LON:SCT) released its earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share for the quarter, Digital Look Earnings reports. Softcat had a return on equity of 43.79% and a net margin of 12.37%.

Softcat Stock Down 0.5 %

LON SCT traded down GBX 8 ($0.10) on Friday, reaching GBX 1,665 ($21.59). The company had a trading volume of 7,856,381 shares, compared to its average volume of 1,083,245. The stock has a market capitalization of £3.31 billion, a P/E ratio of 27.88, a P/E/G ratio of 11.51 and a beta of 0.71. The company’s fifty day moving average is GBX 1,557.09 and its 200 day moving average is GBX 1,563.98. Softcat has a 52-week low of GBX 1,415 ($18.35) and a 52-week high of GBX 1,855 ($24.05). 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be given a GBX 8.90 ($0.12) dividend. This represents a yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. Softcat’s payout ratio is currently 43.53%.

Insider Activity at Softcat

In other news, insider Jacqui Ferguson acquired 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, with a total value of £44,658.60 ($57,907.94). Also, insider Graham Charlton sold 15,380 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.31), for a total transaction of £229,008.20 ($296,950.47). In the last three months, insiders purchased 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SCT shares. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($20.75) price target on shares of Softcat in a report on Wednesday. JPMorgan Chase & Co. boosted 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 report on Thursday. Finally, Shore Capital reissued a “buy” rating on shares of Softcat in a 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.