Graham Charlton Sells 15,380 Shares of Softcat plc (LON:SCT) Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,380 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($18.11), for a total value of £229,008.20 ($278,531.01).

Graham Charlton also recently made the following trade(s):

• On Tuesday, January 7th, Graham Charlton purchased 10 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,544 ($18.78) per share, with a total value of £154.40 ($187.79).

Softcat Stock Performance

Shares of LON:SCT opened at GBX 1,491 ($18.13) on Monday. The business has a 50-day moving average price of GBX 1,555.96 and a two-hundred day moving average price of GBX 1,576.99. Softcat plc has a 1-year low of GBX 1,315.90 ($16.00) and a 1-year high of GBX 1,855 ($22.56). The stock has a market capitalization of £2.97 billion, a P/E ratio of 2,662.50, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57.

Softcat Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were paid a GBX 39 ($0.47) dividend. This is a positive change from Softcat’s previous dividend of $8.50. This represents a yield of 2.55%. The ex-dividend date was Thursday, November 7th. Softcat’s payout ratio is presently 4,642.86%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($19.46) price target on shares of Softcat in a research report on Monday, October 28th. Shore Capital reiterated 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,457.50 ($17.73).

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.