Softcat (LON:SCT) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Softcat plc (LON:SCT) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,576.45 ($20.40) and traded as high as GBX 1,645 ($21.29). Softcat shares last traded at GBX 1,610 ($20.84), with a volume of 690,702 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a report on Wednesday, March 19th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.71) target price on shares of Softcat in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. raised their price target on Softcat from GBX 1,450 ($18.77) to GBX 1,759 ($22.77) and gave the stock a “neutral” rating in a report on Thursday, March 20th.

Softcat Price Performance

The company has a market cap of £3.20 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock has a 50 day moving average of GBX 1,576.45 and a 200-day moving average of GBX 1,568.53.

Softcat (LON:SCT) last released its quarterly earnings data 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%. Equities analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

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

Insider Transactions at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.27), for a total transaction of £229,008.20 ($296,412.37). Also, insider Jacqui Ferguson acquired 3,038 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of GBX 1,470 ($19.03) per share, with a total value of £44,658.60 ($57,803.00). Insiders have bought 3,067 shares of company stock valued at $4,511,098 in the last 90 days. 43.60% of the stock is currently owned by company insiders.

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.