Softcat (LON:SCT) Releases Quarterly Earnings Results

Softcat (LON:SCT) released its quarterly earnings data on Wednesday. The company reported GBX 28.70 ($0.37) 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 Stock Performance

Shares of SCT stock traded down GBX 32 ($0.41) during trading hours on Friday, reaching GBX 1,641 ($21.28). 7,880,357 shares of the company traded hands, compared to its average volume of 1,083,665. Softcat has a 12-month low of GBX 1,415 ($18.35) and a 12-month high of GBX 1,855 ($24.05). The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a market cap of £3.26 billion, a P/E ratio of 27.47, a P/E/G ratio of 11.51 and a beta of 0.71. The firm has a 50-day moving average price of GBX 1,557.09 and a 200 day moving average price of GBX 1,563.98.

Softcat Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.75) price objective on shares of Softcat in a research report on Wednesday. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the stock a “neutral” rating in a research report on Thursday.

Insider Activity

In related news, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction that occurred on Thursday, January 16th. The stock was 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 firm’s stock in a transaction that occurred on 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). Insiders have purchased a total of 3,067 shares of company stock valued at $4,511,098 in the last ninety days. Corporate insiders own 43.60% of the company’s stock.

Softcat Company Profile

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.