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

Softcat plc (LON:SCT) insider Graeme Watt sold 7,213 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.93), for a total value of £112,667.06 ($143,726.32).

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

• On Tuesday, December 3rd, Graeme Watt sold 10,087 shares of Softcat stock. The stock was sold at an average price of GBX 1,574 ($20.08), for a total value of £158,769.38 ($202,537.80).

Softcat Price Performance

LON:SCT opened at GBX 1,538 ($19.62) on Thursday. The business’s 50-day moving average is GBX 1,608.77 and its 200 day moving average is GBX 1,619.05. Softcat plc has a 12 month low of GBX 1,267 ($16.16) and a 12 month high of GBX 1,855 ($23.66). The company has a market capitalization of £3.06 billion, a P/E ratio of 2,746.43, a P/E/G ratio of 11.51 and a beta of 0.71. 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 company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be issued a dividend of GBX 39 ($0.50) per share. This represents a dividend yield of 2.55%. This is a boost from Softcat’s previous dividend of $8.50. The ex-dividend date is Thursday, November 7th. Softcat’s dividend payout ratio is 4,642.86%.

Analyst Ratings Changes

A number of research analysts recently commented on SCT shares. Shore Capital reissued a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.41) 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 given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Softcat presently has an average rating of “Hold” and an average price target of GBX 1,457.50 ($18.59).

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.