Softcat (LON:SCT) Insider Acquires 7 Shares

Softcat plc (LON:SCT) insider Graham Charlton purchased 7 shares of Softcat stock in a transaction on Tuesday, July 7th. The shares were purchased at an average cost of GBX 1,936 per share, with a total value of £135.52.

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

• On Monday, June 8th, Graham Charlton acquired 8 shares of Softcat stock. The stock was acquired at an average price of GBX 1,897 per share, for a total transaction of £151.76.
• On Thursday, May 7th, Graham Charlton acquired 11 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,422 per share, for a total transaction of £156.42.

Softcat Stock Down 4.4%

SCT traded down GBX 84 during trading hours on Wednesday, hitting GBX 1,835. 198,521 shares of the company’s stock were exchanged, compared to its average volume of 2,356,380. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,977. The stock’s 50-day moving average is GBX 1,666.60 and its two-hundred day moving average is GBX 1,418.50. The stock has a market cap of £3.60 billion, a price-to-earnings ratio of 26.18, a PEG 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.

Analyst Upgrades and Downgrades

SCT has been the subject of a number of recent research reports. Berenberg Bank increased their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a report on Thursday, June 25th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada cut Softcat to a “neutral” rating and upped their price objective for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,957.

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.