Softcat plc (LON:SCT) Insider Sells £112,667.06 in Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.80), for a total value of £112,667.06 ($142,815.39).

Graeme Watt also recently made the following trade(s):

• On Tuesday, December 3rd, Graeme Watt sold 10,087 shares of Softcat stock. The shares were sold at an average price of GBX 1,574 ($19.95), for a total value of £158,769.38 ($201,254.13).

Softcat Price Performance

LON:SCT opened at GBX 1,524 ($19.32) on Friday. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The business’s 50-day simple moving average is GBX 1,608.37 and its two-hundred day simple moving average is GBX 1,617.71. The stock has a market cap of £3.04 billion, a PE ratio of 2,721.43, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a 52 week low of GBX 1,267 ($16.06) and a 52 week high of GBX 1,855 ($23.51).

Softcat Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be issued a GBX 39 ($0.49) dividend. This represents a dividend yield of 2.55%. This is a boost from Softcat’s previous dividend of $8.50. The ex-dividend date of this dividend is Thursday, November 7th. Softcat’s payout ratio is 4,642.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SCT. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.28) target price on shares of Softcat in a research report on Monday, October 28th. Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,457.50 ($18.48).

Softcat Company Profile

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.