Softcat (SCT) Given “Add” Rating at Numis Securities

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Numis Securities reissued their add rating on shares of Softcat (LON:SCT) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Shares of LON SCT opened at GBX 940 ($12.28) on Thursday. Softcat has a fifty-two week low of GBX 551 ($7.20) and a fifty-two week high of GBX 940.50 ($12.29). The company has a market cap of $1.86 billion and a price-to-earnings ratio of 29.75.

The company also recently declared a dividend, which was paid on Friday, May 10th. Investors of record on Thursday, April 4th were given a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, April 4th. Softcat’s dividend payout ratio (DPR) is currently 0.41%.

In related news, insider Martin Hellawell sold 99,292 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of GBX 873 ($11.41), for a total transaction of £866,819.16 ($1,132,652.76). Also, insider Graham Charlton sold 46,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of GBX 863 ($11.28), for a total transaction of £396,980 ($518,724.68).

Softcat Company Profile

Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.

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Analyst Recommendations for Softcat (LON:SCT)

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