Softcat (LON:SCT) Reaches New 12-Month High Following Dividend Announcement

Softcat plc (LON:SCT) shares hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 1,836 ($23.87) and last traded at GBX 1,800.06 ($23.40), with a volume of 915201 shares. The stock had previously closed at GBX 1,623 ($21.10).

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 20th will be given a GBX 67.50 ($0.88) dividend. This is an increase from Softcat’s previous dividend of $39.00. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.55%. Softcat’s dividend payout ratio is presently 43.53%.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Wednesday.

Softcat Price Performance

The company has a 50-day moving average price of GBX 1,546.56 and a two-hundred day moving average price of GBX 1,561.53. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a market cap of £3.58 billion, a PE ratio of 30.14, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Sell-side analysts expect that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Softcat news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.36), for a total transaction of £229,008.20 ($297,722.57). Also, insider Jacqui Ferguson acquired 3,038 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of GBX 1,470 ($19.11) per share, for a total transaction of £44,658.60 ($58,058.50). Over the last 90 days, insiders have acquired 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

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.