Softcat’s (SCT) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Softcat (LON:SCT) in a research note published on Wednesday, Marketbeat Ratings reports.

Softcat Stock Down 1.6 %

Softcat stock opened at GBX 1,647 ($21.27) on Wednesday. The firm has a market capitalization of £3.28 billion, a PE ratio of 27.57, a P/E/G ratio of 11.51 and a beta of 0.71. The company’s 50-day moving average is GBX 1,560.13 and its 200-day moving average is GBX 1,564.59. Softcat has a fifty-two week low of GBX 1,415 ($18.27) and a fifty-two week high of GBX 1,855 ($23.95). The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

Softcat (LON:SCT) last released its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. Sell-side analysts anticipate that Softcat will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be issued a dividend of GBX 8.90 ($0.11) per share. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. Softcat’s payout ratio is 43.53%.

Insider Buying and Selling

In related news, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.23), for a total transaction of £229,008.20 ($295,685.22). Also, insider Jacqui Ferguson bought 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of GBX 1,470 ($18.98) per share, with a total value of £44,658.60 ($57,661.20). In the last 90 days, insiders purchased 3,067 shares of company stock valued at $4,511,098. Company 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.