Softcat plc (LON:SCT) Declares GBX 8.90 Dividend

Softcat plc (LON:SCT) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be paid 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 Trading Down 0.5 %

Shares of Softcat stock opened at GBX 1,665 ($21.59) on Friday. The business has a fifty day simple moving average of GBX 1,557.09 and a two-hundred day simple moving average of GBX 1,563.98. Softcat has a 1 year low of GBX 1,415 ($18.35) and a 1 year high of GBX 1,855 ($24.05). The company has a market capitalization of £3.31 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 11.51 and a beta of 0.71. 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 (LON:SCT) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Research analysts forecast that Softcat will post 60.72 EPS for the current year.

Insider Transactions at Softcat

In related news, insider Graham Charlton sold 15,380 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was 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 purchased 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). Over the last 90 days, insiders bought 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SCT. Berenberg Bank reaffirmed 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. lifted their target price 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.

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.