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

Softcat plc (LON:SCT) insider Graham Charlton bought 529 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was purchased 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 acquired 8 shares of Softcat stock. The shares were acquired at an average price of GBX 2 per share, with a total value of GBX 16.
• On Monday, September 7th, Graham Charlton acquired 176 shares of Softcat stock. The stock was acquired at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20.
• On Friday, August 7th, Graham Charlton acquired 8 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,991 per share, for a total transaction of £159.28.

Softcat Stock Performance

Shares of Softcat stock traded up GBX 3 during trading on Friday, hitting GBX 1,700. 1,339,130 shares of the company’s stock were exchanged, compared to its average volume of 1,776,860. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.38 and a current ratio of 1.39. The business has a 50-day simple moving average of GBX 1,935.22 and a 200-day simple moving average of GBX 1,742.66. Softcat plc has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,134. The stock has a market capitalization of £3.66 billion, a price-to-earnings 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 return on equity of 46.24% and a net margin of 7.61%. On average, research analysts forecast that Softcat plc will post 60.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SCT. Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and increased their price target for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research report on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 2,400 target price on shares of Softcat in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a research report on Monday, September 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Softcat currently has a consensus rating of “Hold” and a consensus target price of GBX 1,993.75.

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.