Softcat (SCT) Earns Add Rating from Numis Securities

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

SCT traded up GBX 10.50 ($0.14) during trading on Thursday, reaching GBX 940 ($12.28). The company’s stock had a trading volume of 165,653 shares, compared to its average volume of 400,057. Softcat has a 52-week low of GBX 551 ($7.20) and a 52-week high of GBX 929 ($12.14). The firm has a market capitalization of $1.82 billion and a PE ratio of 29.75.

The firm also recently disclosed a dividend, which was paid on Friday, May 10th. Shareholders of record on Thursday, April 4th were issued a GBX 4.50 ($0.06) dividend. This represents a yield of 0.52%. The ex-dividend date was Thursday, April 4th. Softcat’s dividend payout ratio is presently 0.41%.

In other Softcat news, insider Graham Charlton sold 46,000 shares of Softcat stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of GBX 863 ($11.28), for a total value of £396,980 ($518,724.68). Also, insider Martin Hellawell sold 99,292 shares of Softcat 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 value of £866,819.16 ($1,132,652.76).

About Softcat

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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