Softcat (LON:SCT - Get Free Report) announced its quarterly earnings data 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 Price Performance
Shares of SCT traded down GBX 26 ($0.34) during mid-day trading on Friday, hitting GBX 1,647 ($21.27). 477,579 shares of the stock were exchanged, compared to its average volume of 953,792. The company has a market cap of £3.28 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,415 ($18.27) and a 52-week high of GBX 1,855 ($23.95). The firm has a 50-day moving average of GBX 1,560.13 and a two-hundred day moving average of GBX 1,564.59. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.
Softcat Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a GBX 8.90 ($0.11) dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 0.53%. Softcat's payout ratio is 43.53%.
Analyst Ratings Changes
SCT has been the subject of a number of recent research reports. Berenberg Bank reiterated a "hold" rating and set a GBX 1,600 ($20.66) price objective on shares of Softcat in a research note on Wednesday. Shore Capital restated a "buy" rating on shares of Softcat in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Softcat from GBX 1,450 ($18.72) to GBX 1,759 ($22.71) and gave the stock a "neutral" rating in a research note on Thursday.
Get Our Latest Research Report on Softcat
Insider Transactions at Softcat
In other news, insider Graham Charlton sold 15,380 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.23), for a total transaction of £229,008.20 ($295,723.40). Also, insider Jacqui Ferguson acquired 3,038 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($18.98) per share, for a total transaction of £44,658.60 ($57,668.65). Insiders have bought 3,067 shares of company stock valued at $4,511,098 in the last ninety days. Corporate insiders own 43.60% of the company's stock.
Softcat Company Profile
(
Get Free Report)
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.
Read More
Before you consider Softcat, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Softcat wasn't on the list.
While Softcat currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
