Softcat plc (LON:SCT) Insider Graeme Watt Sells 7,213 Shares

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.91), for a total transaction of £112,667.06 ($143,616.39).

Graeme Watt also recently made the following trade(s):

• On Tuesday, December 3rd, Graeme Watt sold 10,087 shares of Softcat stock. The shares were sold at an average price of GBX 1,574 ($20.06), for a total value of £158,769.38 ($202,382.89).

Softcat Price Performance

Shares of Softcat stock traded down GBX 22.88 ($0.29) on Tuesday, hitting GBX 1,551.12 ($19.77). The company’s stock had a trading volume of 135,653 shares, compared to its average volume of 424,479. Softcat plc has a 52-week low of GBX 1,266 ($16.14) and a 52-week high of GBX 1,855 ($23.65). The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The firm has a fifty day moving average price of GBX 1,609.41 and a 200-day moving average price of GBX 1,621.29. The company has a market capitalization of £3.09 billion, a P/E ratio of 2,810.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.50) per share. This represents a yield of 2.55%. The ex-dividend date of this dividend is 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 Analysts Forecast Growth

A number of brokerages have commented on SCT. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,600 ($20.40) price target on shares of Softcat in a research note on Monday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,457.50 ($18.58).

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.