Kathryn Mecklenburgh Purchases 8 Shares of Softcat plc (LON:SCT) Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 8 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of GBX 1,815 ($24.60) per share, with a total value of £145.20 ($196.77).

Softcat Trading Up 2.1%

Shares of LON:SCT traded up GBX 39 ($0.53) during midday trading on Tuesday, reaching GBX 1,859 ($25.19). The company had a trading volume of 403,513 shares, compared to its average volume of 960,553. Softcat plc has a 1-year low of GBX 1,427 ($19.34) and a 1-year high of GBX 1,869 ($25.33). The firm has a market cap of £3.70 billion, a price-to-earnings ratio of 31.12, 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 company has a fifty day simple moving average of GBX 1,689.18 and a two-hundred day simple moving average of GBX 1,604.65.

Softcat (LON:SCT) last announced its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Research analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th were given a dividend of GBX 8.90 ($0.12) per share. The ex-dividend date was Thursday, April 10th. This represents a yield of 0.53%. Softcat’s payout ratio is presently 43.53%.

Wall Street Analysts Forecast Growth

SCT has been the subject of several analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($21.68) target price on shares of Softcat in a report on Wednesday, March 19th. Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their price target on Softcat from GBX 1,450 ($19.65) to GBX 1,759 ($23.84) and gave the company a “neutral” rating in a research report on Thursday, March 20th.

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.