Softcat plc (LON:SCT) Insider Sells £158,769.38 in Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 10,087 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of GBX 1,574 ($20.07), for a total transaction of £158,769.38 ($202,408.69).

Softcat Stock Down 0.3 %

Softcat stock opened at GBX 1,572 ($20.04) on Friday. The company has a market capitalization of £3.13 billion, a PE ratio of 2,807.14, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. Softcat plc has a fifty-two week low of GBX 1,266 ($16.14) and a fifty-two week high of GBX 1,855 ($23.65). The firm has a 50 day moving average price of GBX 1,608.87 and a 200 day moving average price of GBX 1,622.14.

Softcat Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be paid a GBX 39 ($0.50) dividend. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. Softcat’s payout ratio is presently 4,642.86%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($20.40) price objective on shares of Softcat in a research report on Monday, October 28th. Shore Capital reiterated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,457.50 ($18.58).

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.