Insider Buying: Softcat (LON:SCT) Insider Buys 1,058 Shares of Company Stock

Softcat plc (LON:SCT) insider Lynne Weedall purchased 1,058 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was purchased at an average cost of GBX 1,890 per share, with a total value of £19,996.20.

Softcat Stock Up 0.2%

Shares of LON SCT traded up GBX 3 during mid-day trading on Friday, reaching GBX 1,700. 1,339,130 shares of the company traded hands, compared to its average volume of 1,776,860. The company’s fifty day moving average is GBX 1,935.22 and its two-hundred day moving average is GBX 1,742.66. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.38 and a current ratio of 1.39. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The stock has a market cap of £3.66 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT) last posted its earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share (EPS) for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. On average, analysts expect that Softcat plc will post 60.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on SCT shares. JPMorgan Chase & Co. upped their price target on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,400 target price on shares of Softcat in a research report on Friday. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Softcat to a “hold” rating and lifted their target price for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 1,993.75.

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.