Softcat (LON:SCT) Issues Quarterly Earnings Results

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

Softcat Price Performance

Softcat stock opened at GBX 1,665 ($21.59) on Friday. The company’s 50 day simple moving average is GBX 1,557.09 and its 200-day simple moving average is GBX 1,563.98. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. Softcat has a 1 year low of GBX 1,415 ($18.35) and a 1 year high of GBX 1,855 ($24.05). The company has a market capitalization of £3.31 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

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

Analysts Set New Price Targets

SCT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the company a “neutral” rating in a report on Thursday. Shore Capital reissued a “buy” rating on shares of Softcat in a research note on Wednesday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.75) price target on shares of Softcat in a research report on Wednesday.

Insider Buying and Selling

In other Softcat news, insider Graham Charlton sold 15,380 shares of the business’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 purchased 3,038 shares of Softcat stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). In the last quarter, insiders purchased 3,067 shares of company stock valued at $4,511,098. Company insiders own 43.60% of the company’s stock.

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.