Insider Buying: Softcat plc (LON:SCT) Insider Purchases 10 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 10 shares of Softcat stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of GBX 1,544 ($19.26) per share, for a total transaction of £154.40 ($192.61).

Softcat Trading Down 4.0 %

LON:SCT traded down GBX 61 ($0.76) during trading hours on Wednesday, reaching GBX 1,475 ($18.40). 68,447 shares of the company were exchanged, compared to its average volume of 101,702. The firm has a market cap of £2.94 billion, a price-to-earnings ratio of 2,633.93, a PEG ratio of 11.51 and a beta of 0.71. The stock has a 50 day simple moving average of GBX 1,594.34 and a 200 day simple moving average of GBX 1,595.25. Softcat plc has a 52-week low of GBX 1,283 ($16.01) and a 52-week high of GBX 1,855 ($23.14). The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Softcat Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Investors of record on Thursday, November 7th were given a GBX 39 ($0.49) dividend. This is a positive change from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. The ex-dividend date was Thursday, November 7th. Softcat’s dividend payout ratio (DPR) is 4,642.86%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($19.96) price objective on shares of Softcat in a research note on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Softcat has an average rating of “Hold” and a consensus target price of GBX 1,457.50 ($18.18).

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.