Softcat (LON:SCT) Issues Earnings Results

Softcat (LON:SCT) announced its quarterly earnings results on Wednesday. The company reported GBX 28.70 ($0.37) EPS for the quarter, Digital Look Earnings reports. Softcat had a return on equity of 43.79% and a net margin of 12.37%.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,665 ($21.59) on Friday. Softcat has a 12 month low of GBX 1,415 ($18.35) and a 12 month high of GBX 1,855 ($24.05). The firm’s 50 day moving average is GBX 1,557.09 and its 200 day moving average is GBX 1,563.98. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of £3.31 billion, a P/E ratio of 27.88, a PEG ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SCT shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($20.75) price target on shares of Softcat in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the company a “neutral” rating in a research note on Thursday. Finally, Shore Capital reissued a “buy” rating on shares of Softcat in a report on Wednesday.

Insiders Place Their Bets

In other 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 ($19.31), for a total value of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson bought 3,038 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Insiders purchased a total of 3,067 shares of company stock worth $4,511,098 in the last quarter. 43.60% of the stock is 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.