Softcat plc (LON:SCT) Insider Sells £229,008.20 in Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,380 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($18.22), for a total value of £229,008.20 ($280,200.91).

Graham Charlton also recently made the following trade(s):

• On Tuesday, January 7th, Graham Charlton acquired 10 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,544 ($18.89) per share, for a total transaction of £154.40 ($188.91).

Softcat Price Performance

Shares of LON:SCT traded down GBX 5 ($0.06) during midday trading on Friday, hitting GBX 1,491 ($18.24). 475,714 shares of the stock were exchanged, compared to its average volume of 1,638,362. The stock has a market cap of £2.97 billion, a P/E ratio of 2,662.50, a PEG ratio of 11.51 and a beta of 0.71. Softcat plc has a twelve month low of GBX 1,315.90 ($16.10) and a twelve month high of GBX 1,855 ($22.70). The company has a 50 day moving average price of GBX 1,559.62 and a 200-day moving average price of GBX 1,579.27. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57.

Softcat Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were issued a GBX 39 ($0.48) dividend. This represents a dividend yield of 2.55%. The ex-dividend date was Thursday, November 7th. This is an increase from Softcat’s previous dividend of $8.50. Softcat’s dividend payout ratio is 4,642.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($19.58) target price on shares of Softcat in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Softcat has an average rating of “Hold” and an average price target of GBX 1,457.50 ($17.83).

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.