Softcat plc (LON:SCT) Raises Dividend to GBX 67.50 Per Share

Softcat plc (LON:SCT - Get Free Report) declared a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid a dividend of GBX 67.50 ($0.87) per share on Friday, March 28th. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 73.1% increase from Softcat's previous dividend of $39.00. The official announcement can be viewed at this link.

Softcat Stock Performance

Shares of LON:SCT traded down GBX 26 ($0.34) during trading on Friday, hitting GBX 1,647 ($21.27). 477,579 shares of the stock were exchanged, compared to its average volume of 953,792. Softcat has a 1-year low of GBX 1,415 ($18.27) and a 1-year high of GBX 1,855 ($23.95). The company has a market capitalization of £3.28 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company's fifty day simple moving average is GBX 1,560.13 and its 200-day simple moving average is GBX 1,564.59. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

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%. Sell-side analysts expect that Softcat will post 60.72 EPS for the current fiscal year.

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Insider Buying and Selling at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.23), for a total value of £229,008.20 ($295,723.40). Also, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($18.98) per share, for a total transaction of £44,658.60 ($57,668.65). In the last quarter, insiders have acquired 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Softcat from GBX 1,450 ($18.72) to GBX 1,759 ($22.71) and gave the company a "neutral" rating in a research report on Thursday. Berenberg Bank reiterated a "hold" rating and set a GBX 1,600 ($20.66) target price on shares of Softcat in a research note on Wednesday. Finally, Shore Capital reiterated a "buy" rating on shares of Softcat in a research note on Wednesday.

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.