Softcat (LON:SCT) Insider Kathryn Mecklenburgh Purchases 8 Shares

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 8 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of GBX 1,897 per share, for a total transaction of £151.76.

Kathryn Mecklenburgh also recently made the following trade(s):

• On Thursday, May 7th, Kathryn Mecklenburgh purchased 10 shares of Softcat stock. The shares were acquired at an average price of GBX 1,422 per share, for a total transaction of £142.20.
• On Monday, April 27th, Kathryn Mecklenburgh purchased 7,352 shares of Softcat stock. The shares were acquired at an average price of GBX 1,365 per share, for a total transaction of £100,354.80.
• On Thursday, April 23rd, Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock. The shares were acquired at an average price of GBX 1,332 per share, for a total transaction of £325,820.52.

Softcat Price Performance

LON SCT traded down GBX 13 on Tuesday, reaching GBX 1,878. 10,597,670 shares of the company’s stock traded hands, compared to its average volume of 2,425,881. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The stock has a 50-day simple moving average of GBX 1,427.12 and a 200 day simple moving average of GBX 1,359.68. The stock has a market cap of £3.69 billion, a PE ratio of 26.79, a P/E/G ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 EPS for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. As a group, research analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SCT has been the subject of a number of analyst reports. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research note on Wednesday, May 27th. Finally, Berenberg Bank raised their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,957.78.

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.