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 1,544.78 ($20.03) and traded as low as GBX 1,484 ($19.24). Softcat shares last traded at GBX 1,498 ($19.42), with a volume of 169,499 shares.
Wall Street Analysts Forecast Growth
SCT has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 1,600 ($20.75) price objective on shares of Softcat in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the stock a "neutral" rating in a research note on Thursday. Finally, Shore Capital restated a "buy" rating on shares of Softcat in a research note on Wednesday.
Get Our Latest Stock Report on SCT
Softcat Stock Performance
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 stock has a market capitalization of £3.28 billion, a PE ratio of 27.57, a PEG ratio of 11.51 and a beta of 0.71. The firm has a 50 day moving average price of GBX 1,557.09 and a 200-day moving average price of GBX 1,563.98.
Softcat (LON:SCT - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) EPS for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. Research analysts expect that Softcat plc will post 60.72 EPS for the current fiscal year.
Softcat Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a GBX 8.90 ($0.12) dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat's dividend payout ratio (DPR) is presently 43.53%.
Insider Buying and Selling
In related news, insider Graham Charlton sold 15,380 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson acquired 3,038 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Insiders have purchased a total of 3,067 shares of company stock valued at $4,511,098 over the last ninety days. 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.
Further Reading
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