Softcat (LON:SCT) Insider Robyn Perriss Acquires 1,058 Shares of Stock

Softcat plc (LON:SCT) insider Robyn Perriss bought 1,058 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were bought at an average price of GBX 1,890 per share, with a total value of £19,996.20.

Softcat Trading Up 0.2%

Shares of LON:SCT traded up GBX 3 during mid-day trading on Friday, reaching GBX 1,700. The stock had a trading volume of 1,339,130 shares, compared to its average volume of 1,776,860. The firm has a market cap of £3.66 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The firm has a 50 day simple moving average of GBX 1,935.22 and a two-hundred day simple moving average of GBX 1,742.66. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 10.41. Softcat plc has a twelve month low of GBX 1,083 and a twelve month high of GBX 2,134.

Softcat (LON:SCT) last posted its earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. On average, research analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and issued a GBX 2,400 price target on shares of Softcat in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research note on Monday, September 7th. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and upped their price target for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 1,993.75.

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.