Softcat (LON:SCT) Insider Buys £151.80 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 11 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was acquired at an average price of GBX 1,380 per share, with a total value of £151.80.

Softcat Price Performance

Shares of LON SCT opened at GBX 1,482 on Friday. The business has a 50-day simple moving average of GBX 1,444.70 and a two-hundred day simple moving average of GBX 1,549.49. Softcat plc has a fifty-two week low of GBX 1,358 and a fifty-two week high of GBX 1,960. The company has a market cap of £2.96 billion, a PE ratio of 22.39, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

Softcat (LON:SCT) last released its quarterly earnings data 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, equities analysts expect that Softcat plc will post 60.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a report on Tuesday, November 18th. UBS Group reiterated a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research report on Friday, October 17th. Shore Capital reissued a “buy” rating and issued a GBX 1,925 price target on shares of Softcat in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and upped their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Finally, Jefferies Financial Group lifted their price objective on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research note on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Softcat presently has an average rating of “Hold” and a consensus target price 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. 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.