Softcat plc (SCT) to Issue Dividend of GBX 8.90 on May 21st

Softcat plc (LON:SCT) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of GBX 8.90 ($0.11) per share on Wednesday, May 21st. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 10th. The official announcement can be accessed at this link.

Softcat Trading Up 3.0 %

LON:SCT opened at GBX 1,529.20 ($19.47) on Tuesday. The firm has a market capitalization of £3.04 billion, a P/E ratio of 25.60, a P/E/G ratio of 11.51 and a beta of 0.71. The business has a 50 day simple moving average of GBX 1,584.52 and a 200 day simple moving average of GBX 1,572.48. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a 12-month low of GBX 1,427 ($18.16) and a 12-month high of GBX 1,855 ($23.61).

Softcat (LON:SCT) last issued its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. Equities research analysts predict that Softcat will post 60.72 EPS for the current year.

Insider Activity

In other Softcat news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($18.95), for a total transaction of £229,008.20 ($291,507.38). Also, insider Jacqui Ferguson purchased 3,038 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($18.71) per share, for a total transaction of £44,658.60 ($56,846.49). In the last 90 days, insiders have acquired 3,057 shares of company stock worth $4,495,658. 43.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SCT has been the topic of several recent analyst reports. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Wednesday, March 19th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($20.37) price target on shares of Softcat in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Softcat from GBX 1,450 ($18.46) to GBX 1,759 ($22.39) and gave the stock a “neutral” rating in a research report on Thursday, March 20th.

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.