Softcat (LON:SCT) Insider Graham Charlton Buys 8 Shares

Softcat plc (LON:SCT) insider Graham Charlton bought 8 shares of Softcat stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of GBX 1,897 per share, with a total value of £151.76.

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

• On Thursday, May 7th, Graham Charlton bought 11 shares of Softcat stock. The shares were bought at an average cost of GBX 1,422 per share, with a total value of £156.42.

Softcat Trading Down 0.7%

Shares of LON SCT traded down GBX 13 during mid-day trading on Tuesday, hitting GBX 1,878. 10,597,670 shares of the company traded hands, compared to its average volume of 2,425,881. Softcat plc has a 1 year low of GBX 1,083 and a 1 year high of GBX 1,960. The stock has a market capitalization of £3.69 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 11.51 and a beta of 0.58. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The business has a 50 day moving average of GBX 1,427.12 and a two-hundred day moving average of GBX 1,359.68.

Softcat (LON:SCT) last announced its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. On average, sell-side analysts anticipate that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a research report on Wednesday, May 27th. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Berenberg Bank boosted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Softcat presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,957.78.

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.