Insider Buying: Softcat plc (LON:SCT) Insider Buys 8 Shares of Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 8 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of GBX 1,815 ($24.60) per share, with a total value of £145.20 ($196.77).

Softcat Trading Up 2.1%

SCT traded up GBX 39 ($0.53) during midday trading on Tuesday, hitting GBX 1,859 ($25.19). The company’s stock had a trading volume of 403,513 shares, compared to its average volume of 960,553. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat plc has a 52-week low of GBX 1,427 ($19.34) and a 52-week high of GBX 1,869 ($25.33). The firm has a market cap of £3.70 billion, a P/E ratio of 31.12, a PEG ratio of 11.51 and a beta of 0.71. The firm has a 50-day moving average price of GBX 1,689.18 and a two-hundred day moving average price of GBX 1,604.65.

Softcat (LON:SCT) last issued its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, research analysts anticipate that Softcat plc will post 60.72 earnings per share for the current year.

Softcat Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th were given a GBX 8.90 ($0.12) dividend. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, April 10th. Softcat’s payout ratio is 43.53%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SCT. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,450 ($19.65) to GBX 1,759 ($23.84) and gave the company a “neutral” rating in a research note on Thursday, March 20th. Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Wednesday, March 19th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($21.68) target price on shares of Softcat in a research note on Wednesday, March 19th.

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.