Insider Buying: Softcat (LON:SCT) Insider Acquires 176 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton purchased 176 shares of the stock in a transaction on Monday, September 7th. The stock was acquired at an average cost of GBX 2,045 per share, with a total value of £3,599.20.

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

• On Friday, August 7th, Graham Charlton bought 8 shares of Softcat stock. The stock was bought at an average price of GBX 1,991 per share, with a total value of £159.28.
• On Tuesday, July 7th, Graham Charlton bought 7 shares of Softcat stock. The shares were bought at an average cost of GBX 1,936 per share, for a total transaction of £135.52.

Softcat Stock Performance

Softcat stock traded down GBX 173 during mid-day trading on Tuesday, reaching GBX 1,867. 9,894,557 shares of the company traded hands, compared to its average volume of 1,960,991. The firm’s fifty day moving average is GBX 1,966.21 and its two-hundred day moving average is GBX 1,606.29. The company has a market capitalization of £3.67 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SCT. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Berenberg Bank lifted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and raised their target price for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and boosted their target price for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Four investment 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, Softcat presently has a consensus rating of “Hold” and an average price target of GBX 1,937.50.

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.