Softcat plc (LON:SCT) Insider Graeme Watt Sells 10,087 Shares

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

Softcat Price Performance

Shares of SCT traded up GBX 4 ($0.05) during mid-day trading on Wednesday, reaching GBX 1,577 ($19.98). The company had a trading volume of 540,531 shares, compared to its average volume of 428,244. The company’s 50 day simple moving average is GBX 1,605.29 and its 200 day simple moving average is GBX 1,623.61. The company 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. 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 company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59.

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 issued a GBX 39 ($0.49) dividend. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 7th. Softcat’s dividend payout ratio (DPR) is currently 4,642.86%.

Wall Street Analysts Forecast Growth

SCT has been the topic of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($20.27) target price on shares of Softcat in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.