Softcat (LON:SCT) Insider Graham Charlton Purchases 13 Shares

Softcat plc (LON:SCT) insider Graham Charlton acquired 13 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of GBX 1,172 per share, with a total value of £152.36.

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

• On Wednesday, January 7th, Graham Charlton acquired 10 shares of Softcat stock. The shares were acquired at an average price of GBX 1,380 per share, for a total transaction of £138.
• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The shares were sold at an average price of GBX 1,429, for a total transaction of £141,999.73.
• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64.

Softcat Stock Down 0.1%

SCT stock traded down GBX 1 during mid-day trading on Tuesday, reaching GBX 1,146. 105,472,469 shares of the company traded hands, compared to its average volume of 9,072,808. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The firm’s 50 day moving average price is GBX 1,414.41 and its 200 day moving average price is GBX 1,507.55. The stock has a market cap of £2.27 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a fifty-two week low of GBX 1,135 and a fifty-two week high of GBX 1,960.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SCT shares. Peel Hunt restated a “buy” rating and set a GBX 2,135 price target on shares of Softcat in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and increased their price target for the company from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Shore Capital Group restated a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and raised their price objective for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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. 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.