Softcat (LON:SCT) Insider Acquires 5,291 Shares of Company Stock

Softcat plc (LON:SCT) insider Graeme Watt bought 5,291 shares of the stock in a transaction dated Friday, October 16th. The stock was bought at an average cost of GBX 1,890 per share, for a total transaction of £99,999.90.

Softcat Price Performance

Softcat stock traded up GBX 3 during mid-day trading on Friday, reaching GBX 1,700. 1,339,130 shares of the company’s stock traded hands, compared to its average volume of 1,776,860. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 10.41. Softcat plc has a 12-month low of GBX 1,083 and a 12-month high of GBX 2,134. The stock has a 50 day moving average of GBX 1,935.22 and a two-hundred day moving average of GBX 1,742.66. The company has a market cap of £3.66 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 11.51 and a beta of 0.58.

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

Analysts Set New Price Targets

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

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.