Softcat plc (LON:SCT - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,605.43 ($19.87) and traded as low as GBX 1,517.95 ($18.79). Softcat shares last traded at GBX 1,524 ($18.86), with a volume of 38,175 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SCT. Shore Capital restated a "buy" rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank restated a "hold" rating and issued a GBX 1,600 ($19.80) price target on shares of Softcat in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 1,457.50 ($18.04).
Get Our Latest Stock Report on SCT
Softcat Price Performance
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 firm has a market cap of £3.04 billion, a price-to-earnings ratio of 2,723.21, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock's fifty day moving average price is GBX 1,605.43 and its 200-day moving average price is GBX 1,601.13.
Softcat Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were issued a GBX 39 ($0.48) dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 2.55%. This is a positive change from Softcat's previous dividend of $8.50. Softcat's dividend payout ratio is presently 4,642.86%.
Insider Activity
In other Softcat news, insider Graeme Watt sold 10,087 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,574 ($19.48), for a total value of £158,769.38 ($196,521.08). 43.60% of the stock is currently owned by corporate insiders.
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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