Softcat (LON:SCT) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Softcat plc (LON:SCT)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,576.45 ($20.40) and traded as high as GBX 1,645 ($21.29). Softcat shares last traded at GBX 1,610 ($20.84), with a volume of 690,702 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SCT shares. Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($20.71) price objective on shares of Softcat in a research note on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on Softcat from GBX 1,450 ($18.77) to GBX 1,759 ($22.77) and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Shore Capital restated a “buy” rating on shares of Softcat in a report on Wednesday, March 19th.

Softcat Stock Performance

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’s fifty day simple moving average is GBX 1,576.45 and its 200 day simple moving average is GBX 1,568.53. The company has a market cap of £3.20 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 11.51 and a beta of 0.71.

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

Softcat Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 8.90 ($0.12) per share. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.53%. Softcat’s payout ratio is 43.53%.

Insider Buying and Selling

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 ($19.27), for a total transaction of £229,008.20 ($296,412.37). Also, insider Jacqui Ferguson acquired 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.03) per share, for a total transaction of £44,658.60 ($57,803.00). Over the last ninety days, insiders 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.