Graham Charlton Buys 10 Shares of Softcat plc (LON:SCT) Stock

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton bought 10 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average cost of GBX 1,544 ($19.09) per share, for a total transaction of £154.40 ($190.85).

Softcat Price Performance

Shares of SCT traded down GBX 65 ($0.80) during mid-day trading on Wednesday, reaching GBX 1,471 ($18.18). The company had a trading volume of 179,848 shares, compared to its average volume of 123,982. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The company has a market capitalization of £2.93 billion, a P/E ratio of 2,626.79, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a twelve month low of GBX 1,283 ($15.86) and a twelve month high of GBX 1,855 ($22.93). The company's 50-day moving average is GBX 1,594.34 and its 200-day moving average is GBX 1,595.25.

Softcat Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 39 ($0.48) per share. This is a positive change from Softcat's previous dividend of $8.50. This represents a yield of 2.55%. The ex-dividend date of this dividend was Thursday, November 7th. Softcat's dividend payout ratio is currently 4,642.86%.

Analyst Upgrades and Downgrades

SCT has been the topic of a number of research reports. Shore Capital reaffirmed a "buy" rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank restated a "hold" rating and set a GBX 1,600 ($19.78) price objective on shares of Softcat in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Softcat currently has a consensus rating of "Hold" and an average target price of GBX 1,457.50 ($18.02).

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.