Softcat (LON:SCT) Insider Sells £231,780.64 in Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,919 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total value of £231,780.64.

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

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

Softcat Stock Up 0.1%

SCT opened at GBX 1,433 on Thursday. The stock’s fifty day moving average is GBX 1,503.22 and its 200-day moving average is GBX 1,597.75. Softcat plc has a one year low of GBX 1,393 and a one year high of GBX 1,960. The company has a market capitalization of £2.86 billion, a PE ratio of 21.65, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

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

Analyst Ratings Changes

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