Shares of Softcat plc (LON:SCT - Get Free Report) reached a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as GBX 1,836 ($23.71) and last traded at GBX 1,800.06 ($23.24), with a volume of 915201 shares trading hands. The stock had previously closed at GBX 1,623 ($20.96).
The newly announced dividend which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued 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 Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Shore Capital reissued a "buy" rating on shares of Softcat in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,450 ($18.72) to GBX 1,759 ($22.71) and gave the company a "neutral" rating in a research note on Thursday. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 1,600 ($20.66) price target on shares of Softcat in a research note on Wednesday.
Read Our Latest Analysis on Softcat
Softcat Trading Down 1.6 %
The firm has a market cap of £3.28 billion, a P/E ratio of 27.57, a P/E/G ratio of 11.51 and a beta of 0.71. The stock has a 50 day simple moving average of GBX 1,560.13 and a 200-day simple moving average of GBX 1,564.59. 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 (LON:SCT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, equities research analysts expect that Softcat plc will post 60.72 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of GBX 1,470 ($18.98) per share, with a total value of £44,658.60 ($57,661.20). Also, insider Graham Charlton sold 15,380 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.23), for a total value of £229,008.20 ($295,685.22). Insiders have acquired a total of 3,067 shares of company stock worth $4,511,098 over the last quarter. Company insiders own 43.60% of the company's stock.
About Softcat
(
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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.
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