Softcat plc (LON:SCT) Insider Sells £158,769.38 in Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 10,087 shares of Softcat stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,574 ($19.94), for a total transaction of £158,769.38 ($201,177.62).

Softcat Price Performance

LON SCT traded up GBX 4 ($0.05) during trading hours on Wednesday, reaching GBX 1,577 ($19.98). The company’s stock had a trading volume of 540,531 shares, compared to its average volume of 428,244. The company’s 50-day moving average is GBX 1,605.29 and its two-hundred day moving average is GBX 1,623.61. Softcat plc has a 1-year low of GBX 1,266 ($16.04) and a 1-year high of GBX 1,855 ($23.50). The firm has a market capitalization of £3.14 billion, a price-to-earnings ratio of 2,808.93, a P/E/G ratio of 11.51 and a beta of 0.71. 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 disclosed a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be paid a GBX 39 ($0.49) dividend. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. Softcat’s payout ratio is presently 4,642.86%.

Wall Street Analyst Weigh In

SCT has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.27) target price on shares of Softcat in a report on Monday, October 28th. Shore Capital reaffirmed 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 given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 1,474 ($18.68).

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.