Softcat plc (LON:SCT) Insider Sells £229,008.20 in Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($18.22), for a total value of £229,008.20 ($280,200.91).

Graham Charlton also recently made the following trade(s):

• On Tuesday, January 7th, Graham Charlton purchased 10 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,544 ($18.89) per share, for a total transaction of £154.40 ($188.91).

Softcat Trading Down 0.3 %

Softcat stock traded down GBX 5 ($0.06) during trading on Friday, reaching GBX 1,491 ($18.24). The company had a trading volume of 475,714 shares, compared to its average volume of 1,638,362. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The firm has a market capitalization of £2.97 billion, a price-to-earnings ratio of 2,662.50, a PEG ratio of 11.51 and a beta of 0.71. Softcat plc has a 12-month low of GBX 1,315.90 ($16.10) and a 12-month high of GBX 1,855 ($22.70). The stock’s 50 day moving average price is GBX 1,559.62 and its two-hundred day moving average price is GBX 1,579.27.

Softcat Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were issued a dividend of GBX 39 ($0.48) per share. This represents a dividend yield of 2.55%. This is an increase from Softcat’s previous dividend of $8.50. The ex-dividend date was Thursday, November 7th. Softcat’s dividend payout ratio is presently 4,642.86%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCT. Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($19.58) price target on shares of Softcat in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,457.50 ($17.83).

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.