Softcat plc (LON:SCT) to Issue Dividend of GBX 8.90

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

Softcat Stock Performance

Softcat stock opened at GBX 1,665 ($21.59) on Friday. Softcat has a 12-month low of GBX 1,415 ($18.35) and a 12-month high of GBX 1,855 ($24.05). 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 business’s 50-day moving average price is GBX 1,557.09 and its two-hundred day moving average price is GBX 1,563.98. The stock has a market cap of £3.31 billion, a PE ratio of 27.88, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) 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%. As a group, analysts expect that Softcat will post 60.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SCT shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,600 ($20.75) target price on shares of Softcat in a research report on Wednesday. Shore Capital restated a “buy” rating on shares of Softcat in a report on Wednesday. Finally, 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 report on Thursday.

Insider Transactions at Softcat

In related news, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction that occurred on Thursday, January 16th. The stock was 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 that occurred on Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Over the last three months, insiders have bought 3,067 shares of company stock worth $4,511,098. Insiders own 43.60% of the company’s stock.

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.