Softcat (LON:SCT) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Softcat plc (LON:SCT - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,576.45 ($20.47) and traded as high as GBX 1,645 ($21.36). Softcat shares last traded at GBX 1,610 ($20.91), with a volume of 690,702 shares trading hands.

Analyst Upgrades and Downgrades

SCT has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Softcat from GBX 1,450 ($18.83) to GBX 1,759 ($22.84) and gave the stock a "neutral" rating in a report on Thursday, March 20th. Shore Capital reiterated a "buy" rating on shares of Softcat in a research report on Wednesday, March 19th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 1,600 ($20.78) price target on shares of Softcat in a report on Wednesday, March 19th.

Softcat Stock Down 0.5 %

The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The firm has a market cap of £3.20 billion, a P/E ratio of 26.91, a P/E/G ratio of 11.51 and a beta of 0.71. The business has a fifty day moving average of GBX 1,583.02 and a 200 day moving average of GBX 1,571.24.

Softcat (LON:SCT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, equities research analysts predict that Softcat plc will post 60.72 EPS for the current year.

Softcat Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 8.90 ($0.12) per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat's dividend payout ratio is 43.53%.

Insider Buying and Selling

In related news, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of GBX 1,470 ($19.09) per share, with a total value of £44,658.60 ($57,990.65). Also, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.34), for a total value of £229,008.20 ($297,374.63). In the last three months, insiders acquired 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is owned by corporate insiders.

Softcat Company Profile

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.