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

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 stock was sold at an average price of GBX 1,574 ($19.95), for a total transaction of £158,769.38 ($201,254.13).

Softcat Stock Down 0.9 %

Softcat stock opened at GBX 1,524 ($19.32) on Friday. Softcat plc has a fifty-two week low of GBX 1,267 ($16.06) and a fifty-two week high of GBX 1,855 ($23.51). The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The firm has a 50 day moving average price of GBX 1,608.37 and a 200 day moving average price of GBX 1,617.71. The company has a market capitalization of £3.04 billion, a PE ratio of 2,721.43, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

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

Wall Street Analyst Weigh In

SCT has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.28) price target on shares of Softcat in a research report on Monday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,457.50 ($18.48).

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.