Softcat (LON:SCT) Insider Sells £141,999.73 in Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 9,937 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 1,429, for a total value of £141,999.73.

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

• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The shares were sold at an average price of GBX 1,456, for a total value of £231,780.64.

Softcat Stock Up 0.7%

Softcat stock traded up GBX 10 during midday trading on Monday, hitting GBX 1,457. 220,878 shares of the company were exchanged, compared to its average volume of 975,968. The company has a market cap of £2.91 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a fifty-two week low of GBX 1,393 and a fifty-two week high of GBX 1,960. The company’s fifty day moving average price is GBX 1,511.24 and its 200-day moving average price is GBX 1,603.85. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

Softcat (LON:SCT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, research analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Analysts Set New Price Targets

SCT has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and lifted their target price for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. UBS Group reiterated a “sell” rating and issued a GBX 1,400 price target on shares of Softcat in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft upgraded Softcat to a “buy” rating and raised their price objective for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a research report on Tuesday, November 18th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Softcat has an average rating of “Hold” and an average price target of GBX 1,902.22.

Softcat Company Profile

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.