Softcat (LON:SCT) Announces Earnings Results

Softcat (LON:SCT) announced its earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share (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 Down 0.5 %

Shares of LON:SCT traded down GBX 8 ($0.10) during trading on Friday, hitting GBX 1,665 ($21.59). 7,856,381 shares of the company were exchanged, compared to its average volume of 1,083,245. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat has a fifty-two week low of GBX 1,415 ($18.35) and a fifty-two week high of GBX 1,855 ($24.05). The firm has a fifty day moving average price of GBX 1,557.09 and a two-hundred day moving average price of GBX 1,563.98. The stock has a market cap of £3.31 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

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

Analysts Set New Price Targets

SCT has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.75) target price on shares of Softcat in a research report on Wednesday. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the company a “neutral” rating in a research report on Thursday.

Insider Transactions at Softcat

In other Softcat news, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Also, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). In the last three months, insiders acquired 3,067 shares of company stock worth $4,511,098. 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.