Softcat’s (SCT) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Softcat (LON:SCT) in a research report sent to investors on Wednesday morning,London Stock Exchange reports. The brokerage currently has a GBX 1,600 ($20.81) target price on the stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price target on Softcat from GBX 1,450 ($18.86) to GBX 1,759 ($22.88) and gave the company a “neutral” rating in a research report on Thursday. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Wednesday.

Softcat Stock Down 2.5 %

Softcat stock traded down GBX 43 ($0.56) during mid-day trading on Wednesday, hitting GBX 1,686 ($21.93). 2,713,538 shares of the company’s stock were exchanged, compared to its average volume of 1,001,536. 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 stock has a market cap of £3.35 billion, a P/E ratio of 28.23, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 1-year low of GBX 1,415 ($18.41) and a 1-year high of GBX 1,855 ($24.13). The stock has a 50 day moving average of GBX 1,553.14 and a two-hundred day moving average of GBX 1,563.25.

Softcat (LON:SCT) last posted its earnings results 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%. As a group, analysts anticipate that Softcat will post 60.72 EPS for the current fiscal year.

Softcat Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 20th will be given a dividend of GBX 67.50 ($0.88) per share. The ex-dividend date is Thursday, March 20th. This is an increase from Softcat’s previous dividend of $39.00. This represents a yield of 0.55%. Softcat’s dividend payout ratio (DPR) is 43.53%.

Insider Buying and Selling

In other news, insider Jacqui Ferguson bought 3,038 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of GBX 1,470 ($19.12) per share, with a total value of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). Insiders have bought a total of 3,067 shares of company stock valued at $4,511,098 over the last three months. 43.60% of the stock is owned by corporate insiders.

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.