Softcat plc (LON:SCT - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,577.59 ($20.98) and traded as low as GBX 1,529 ($20.33). Softcat shares last traded at GBX 1,582.59 ($21.04), with a volume of 156,153 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SCT. JPMorgan Chase & Co. increased their price target on Softcat from GBX 1,450 ($19.28) to GBX 1,759 ($23.39) and gave the stock a "neutral" rating in a report on Thursday, March 20th. Berenberg Bank reiterated a "hold" rating and set a GBX 1,600 ($21.27) target price on shares of Softcat in a research report on Wednesday, March 19th. Finally, Shore Capital restated a "buy" rating on shares of Softcat in a report on Wednesday, March 19th.
Read Our Latest Report on SCT
Softcat Price Performance
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 stock has a market capitalization of £3.15 billion, a P/E ratio of 26.52, a P/E/G ratio of 11.51 and a beta of 0.71. The firm has a fifty day moving average of GBX 1,575.97 and a two-hundred day moving average of GBX 1,573.07.
Softcat (LON:SCT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.38) earnings per share (EPS) for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, 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. Shareholders of record on Thursday, April 10th will be paid a GBX 8.90 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 0.53%. Softcat's dividend payout ratio (DPR) is presently 43.53%.
Insider Buying and Selling at Softcat
In other Softcat news, insider Jacqui Ferguson acquired 3,038 shares of the stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of GBX 1,470 ($19.55) per share, with a total value of £44,658.60 ($59,378.54). Over the last ninety days, insiders bought 3,057 shares of company stock valued at $4,495,658. 43.60% of the stock is currently owned by insiders.
About Softcat
(
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.
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