Softcat (LON:SCT) Insider Buys £138 in Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of Softcat stock in a transaction on Wednesday, January 7th. The shares were purchased at an average cost of GBX 1,380 per share, for a total transaction of £138.

Graham Charlton also recently made the following trade(s):

• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The stock was sold at an average price of GBX 1,429, for a total value of £141,999.73.
• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The shares were sold at an average price of GBX 1,456, for a total value of £231,780.64.

Softcat Stock Up 1.2%

Shares of LON SCT opened at GBX 1,482 on Friday. The firm’s 50-day moving average is GBX 1,444.70 and its 200-day moving average is GBX 1,549.49. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat plc has a 1 year low of GBX 1,358 and a 1 year high of GBX 1,960. The firm has a market capitalization of £2.96 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities analysts expect that Softcat plc will post 60.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SCT shares. Jefferies Financial Group upped their price objective on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and upped their price target for the company from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Shore Capital restated a “buy” rating and issued a GBX 1,925 price target on shares of Softcat in a report on Wednesday, October 22nd. UBS Group restated a “sell” rating and issued a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,135 price target on shares of Softcat in a research note on Tuesday, November 18th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Softcat has an average rating of “Hold” and a consensus target price of GBX 1,902.22.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.