Softcat plc Announces Dividend of GBX 8.90 (LON:SCT)

Softcat plc (LON:SCT - Get Free Report) declared a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 8.90 ($0.12) per share on Wednesday, May 21st. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. The official announcement can be seen at this link.

Softcat Trading Up 1.0 %

Shares of LON:SCT traded up GBX 16 ($0.21) during mid-day trading on Tuesday, hitting GBX 1,671 ($21.63). The stock had a trading volume of 27,166,145 shares, compared to its average volume of 1,384,648. The company's 50 day moving average is GBX 1,568.13 and its 200-day moving average is GBX 1,566.09. Softcat has a 12-month low of GBX 1,415 ($18.32) and a 12-month high of GBX 1,855 ($24.02). The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The company has a market cap of £3.32 billion, a PE ratio of 27.98, a P/E/G ratio of 11.51 and a beta of 0.71.

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

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Insiders Place Their Bets

In related news, insider Graham Charlton sold 15,380 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.28), for a total value of £229,008.20 ($296,489.12). Also, insider Jacqui Ferguson bought 3,038 shares of the stock in a transaction on Tuesday, January 21st. The shares were acquired at an average cost of GBX 1,470 ($19.03) per share, for a total transaction of £44,658.60 ($57,817.97). Insiders have bought a total of 3,067 shares of company stock valued at $4,511,098 in the last three months. Insiders own 43.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SCT shares. Shore Capital reaffirmed a "buy" rating on shares of Softcat in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised their price target on shares of Softcat from GBX 1,450 ($18.77) to GBX 1,759 ($22.77) and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 1,600 ($20.71) price objective on shares of Softcat in a research note on Wednesday, March 19th.

About Softcat

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.