Softcat (LON:SCT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Softcat (LON:SCT - Free Report) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,450 ($18.74) to GBX 1,759 ($22.73) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm currently has a neutral rating on the stock.

Separately, Shore Capital restated a "buy" rating on shares of Softcat in a report on Wednesday, March 19th.

Softcat Stock Up 0.5 %

Shares of Softcat stock traded up GBX 8 ($0.10) during trading on Thursday, reaching GBX 1,655 ($21.39). The stock had a trading volume of 155,912 shares, compared to its average volume of 940,140. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The company has a market capitalization of £3.29 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 11.51 and a beta of 0.71. The stock has a fifty day moving average price of GBX 1,563.91 and a two-hundred day moving average price of GBX 1,565.22. Softcat has a 52 week low of GBX 1,415 ($18.28) and a 52 week high of GBX 1,855 ($23.97).

Softcat (LON:SCT - Get Free Report) last released its 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%. Sell-side analysts predict that Softcat will post 60.72 EPS for the current fiscal year.

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Softcat Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 8.90 ($0.12) per share. 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 Activity

In other Softcat news, insider Jacqui Ferguson purchased 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of GBX 1,470 ($18.99) per share, for a total transaction of £44,658.60 ($57,705.91). Also, insider Graham Charlton sold 15,380 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.24), for a total value of £229,008.20 ($295,914.46). In the last 90 days, insiders purchased 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is owned by 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.