Softcat (LON:SCT) Insider Buys £151.76 in Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 8 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of GBX 1,897 per share, for a total transaction 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 acquired at an average price of GBX 1,422 per share, for a total transaction of £156.42.

Softcat Stock Down 0.7%

LON:SCT traded down GBX 13 on Tuesday, hitting GBX 1,878. The stock had a trading volume of 10,597,670 shares, compared to its average volume of 2,425,881. The business’s fifty day moving average is GBX 1,427.12 and its 200 day moving average is GBX 1,359.68. The company has a market cap of £3.69 billion, a PE ratio of 26.79, a P/E/G 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. Softcat plc has a 52 week low of GBX 1,083 and a 52 week high of GBX 1,960.

Softcat (LON:SCT) last announced its quarterly earnings results 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, equities research analysts expect that Softcat plc will post 60.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SCT has been the subject of a number of recent research reports. Berenberg Bank boosted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,957.78.

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.