Insider Buying: Softcat plc (LON:SCT) Insider Buys 10 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of GBX 1,544 ($19.26) per share, for a total transaction of £154.40 ($192.61).

Softcat Price Performance

Shares of Softcat stock traded down GBX 61 ($0.76) on Wednesday, hitting GBX 1,475 ($18.40). The company’s stock had a trading volume of 68,447 shares, compared to its average volume of 101,702. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The firm has a fifty day moving average price of GBX 1,594.34 and a 200-day moving average price of GBX 1,595.25. Softcat plc has a 52-week low of GBX 1,283 ($16.01) and a 52-week high of GBX 1,855 ($23.14). The company has a market capitalization of £2.94 billion, a P/E ratio of 2,633.93, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were paid a dividend of GBX 39 ($0.49) per share. This represents a dividend yield of 2.55%. This is a boost from Softcat’s previous dividend of $8.50. The ex-dividend date of this dividend was Thursday, November 7th. Softcat’s dividend payout ratio (DPR) is 4,642.86%.

Wall Street Analyst Weigh In

SCT has been the topic of a number of analyst reports. Shore Capital restated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($19.96) target price on shares of Softcat in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,457.50 ($18.18).

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.