Softcat plc (LON:SCT - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,584.52 ($20.74) and traded as low as GBX 1,458 ($19.08). Softcat shares last traded at GBX 1,489.91 ($19.50), with a volume of 32,759,785 shares changing hands.
Analyst Ratings Changes
A number of brokerages have issued reports on SCT. JPMorgan Chase & Co. boosted their price target on shares of Softcat from GBX 1,450 ($18.98) to GBX 1,759 ($23.02) and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Berenberg Bank restated a "hold" rating and issued a GBX 1,600 ($20.94) price objective on shares of Softcat in a report on Wednesday, March 19th. Finally, Shore Capital reiterated a "buy" rating on shares of Softcat in a report on Wednesday, March 19th.
Get Our Latest Stock Report on Softcat
Softcat Stock Up 0.4 %
The business's 50 day moving average is GBX 1,578.54 and its 200-day moving average is GBX 1,571.43. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a market cap of £3.04 billion, a PE ratio of 25.57, a P/E/G ratio of 11.51 and a beta of 0.71.
Softcat (LON:SCT - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.38) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, analysts predict that Softcat plc will post 60.72 EPS for the current year.
Softcat Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be given a GBX 8.90 ($0.12) dividend. 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%.
Insider Transactions at Softcat
In related news, insider Graham Charlton sold 15,380 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.49), for a total value of £229,008.20 ($299,748.95). Also, insider Jacqui Ferguson acquired 3,038 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of GBX 1,470 ($19.24) per share, for a total transaction of £44,658.60 ($58,453.66). Over the last 90 days, insiders have bought 3,057 shares of company stock worth $4,495,658. Corporate 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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