Softcat (LON:SCT) Insider Graham Charlton Buys 10 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton purchased 10 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average price of GBX 1,380 per share, for a total transaction of £138.

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

• 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 value of £141,999.73.
• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The shares were sold at an average price of GBX 1,456, for a total transaction of £231,780.64.

Softcat Price Performance

LON:SCT opened at GBX 1,464 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock has a fifty day moving average of GBX 1,446.98 and a 200 day moving average of GBX 1,552.94. The firm has a market capitalization of £2.92 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a 52-week low of GBX 1,358 and a 52-week high of GBX 1,960.

Softcat (LON:SCT) last announced its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, research analysts expect that Softcat plc will post 60.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SCT. Shore Capital reiterated a “buy” rating and set a GBX 1,925 price target on shares of Softcat in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and increased their price target for the stock from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. UBS Group reissued a “sell” rating and issued a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Jefferies Financial Group upped their price objective on Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and increased their price objective for the company from GBX 2,820 to GBX 2,950 in a research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.