Graham Charlton Purchases 10 Shares of Softcat (LON:SCT) Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 10 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average price of GBX 1,380 per share, with a total value of £138.

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

• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The stock was sold at an average price of GBX 1,429, for a total value of £141,999.73.
• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The stock was sold at an average price of GBX 1,456, for a total value of £231,780.64.

Softcat Stock Up 5.0%

Shares of SCT traded up GBX 70.02 during midday trading on Thursday, hitting GBX 1,470.02. The company had a trading volume of 2,218,752 shares, compared to its average volume of 1,928,738. The company’s 50-day simple moving average is GBX 1,449.72 and its 200-day simple moving average is GBX 1,553.56. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The firm has a market capitalization of £2.93 billion, a P/E ratio of 22.21, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a 1 year low of GBX 1,358 and a 1 year high of GBX 1,960.

Softcat (LON:SCT) last released its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. As a group, sell-side analysts expect that Softcat plc will post 60.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SCT shares. Shore Capital restated a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a report on Wednesday, October 22nd. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and raised their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Jefferies Financial Group lifted their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and upped their price objective for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Finally, UBS Group reissued a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,902.22.

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.