Softcat (LON:SCT) Announces Earnings Results

Softcat (LON:SCT) issued its quarterly earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share for the quarter, Digital Look Earnings reports. Softcat had a net margin of 12.37% and a return on equity of 43.79%.

Softcat Price Performance

Shares of SCT traded down GBX 32 ($0.41) during trading hours on Friday, reaching GBX 1,641 ($21.28). The company had a trading volume of 7,880,792 shares, compared to its average volume of 1,083,667. The firm has a 50 day simple moving average of GBX 1,557.09 and a 200-day simple moving average of GBX 1,563.98. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The company has a market capitalization of £3.26 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a 12-month low of GBX 1,415 ($18.35) and a 12-month high of GBX 1,855 ($24.05).

Softcat Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be paid a GBX 8.90 ($0.12) dividend. This represents a dividend yield of 0.53%. The ex-dividend date is Thursday, April 10th. Softcat’s dividend payout ratio (DPR) is presently 43.53%.

Insider Activity

In other Softcat news, insider Graham Charlton sold 15,380 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total transaction of £229,008.20 ($296,950.47). Also, insider Jacqui Ferguson bought 3,038 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of GBX 1,470 ($19.06) per share, with a total value of £44,658.60 ($57,907.94). Insiders purchased 3,067 shares of company stock worth $4,511,098 in the last 90 days. 43.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SCT. Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($20.75) price target on shares of Softcat in a research note on Wednesday. Shore Capital restated a “buy” rating on shares of Softcat in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the stock a “neutral” rating in a research note on Thursday.

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.