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

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of Softcat stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.96), for a total transaction of £112,667.06 ($143,946.67).

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 ($20.11), for a total transaction of £158,769.38 ($202,848.32).

Softcat Stock Down 1.5 %

Softcat stock opened at GBX 1,551 ($19.82) on Wednesday. The stock’s fifty day moving average is GBX 1,609.05 and its two-hundred day moving average is GBX 1,620.25. The stock has a market cap of £3.09 billion, a PE ratio of 2,769.64, 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 ($16.17) and a 1-year high of GBX 1,855 ($23.70). The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Softcat Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.50) per share. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Softcat’s previous dividend of $8.50. Softcat’s dividend payout ratio (DPR) is 4,642.86%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,600 ($20.44) target price on shares of Softcat in a 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 given a buy rating to the stock. Based on data from MarketBeat.com, Softcat currently has an average rating of “Hold” and a consensus price target of GBX 1,457.50 ($18.62).

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.