Softcat (LON:SCT) Insider Mayank Prakash Acquires 2,645 Shares of Stock

Softcat plc (LON:SCT) insider Mayank Prakash purchased 2,645 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 £49,990.50.

Softcat Price Performance

Shares of LON SCT traded up GBX 3 during trading on Friday, hitting GBX 1,700. The company had a trading volume of 1,339,130 shares, compared to its average volume of 1,776,860. 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 plc has a 52 week low of GBX 1,083 and a 52 week high of GBX 2,134. The business’s 50-day moving average is GBX 1,935.22 and its 200 day moving average is GBX 1,742.66. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.38 and a current ratio of 1.39.

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

Analysts Set New Price Targets

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