Softcat (LON:SCT) Insider Acquires £9,998.10 in Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 529 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was acquired at an average price of GBX 1,890 per share, for a total transaction of £9,998.10.

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

• On Wednesday, October 7th, Graham Charlton bought 8 shares of Softcat stock. The shares were acquired at an average cost of GBX 2 per share, with a total value of GBX 16.
• On Monday, September 7th, Graham Charlton bought 176 shares of Softcat stock. The stock was bought at an average cost of GBX 2,045 per share, with a total value of £3,599.20.
• On Friday, August 7th, Graham Charlton bought 8 shares of Softcat stock. The stock was bought at an average cost of GBX 1,991 per share, with a total value of £159.28.

Softcat Trading Up 0.2%

SCT opened at GBX 1,700 on Monday. The company’s 50 day moving average is GBX 1,929.51 and its 200-day moving average is GBX 1,746.25. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 10.41. The company has a market cap of £3.66 billion, a P/E ratio of 24.25, a PEG ratio of 11.51 and a beta of 0.58.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft cut Softcat to a “hold” rating and increased their price target for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. JPMorgan Chase & Co. raised their price objective on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 2,400 price objective on shares of Softcat in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Softcat currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,078.57.

Trending Headlines about Softcat

Here are the key news stories impacting Softcat this week:

• Positive Sentiment: Seven Softcat insiders, including senior directors, collectively bought 12,432 shares at GBX 1,890 each, investing approximately £225,000. The coordinated purchases may signal confidence in the company’s valuation and prospects.
• Positive Sentiment: Berenberg reaffirmed its “Buy” rating and set a GBX 2,400 price target, implying substantial upside from recent trading levels. The recommendation reinforces the case that the recent share-price weakness may have been overdone.
• Positive Sentiment: Recent analysis continues to highlight potential long-term growth in the IT-reseller sector, supported by demand for artificial intelligence and technology services. Softcat stock analysis
• Neutral Sentiment: Softcat issued 12,432 new ordinary shares following director subscriptions, lifting the share count to about 215.7 million. The transactions demonstrate director participation but create a small amount of dilution for existing shareholders. Softcat director equity subscription
• Neutral Sentiment: Jefferies reaffirmed its “Hold” rating, providing a more cautious counterpoint to Berenberg’s bullish stance. Softcat Hold rating
• Negative Sentiment: Investors are focused on the risk of a margin squeeze in the upcoming fiscal-year results. Pressure on profitability could offset otherwise solid revenue growth and weigh on earnings expectations. Softcat faces FY results margin squeeze

About Softcat

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.