Softcat (LON:SCT) Insider Kathryn Mecklenburgh Purchases 24,461 Shares

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 24,461 shares of Softcat stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average cost of GBX 1,332 per share, with a total value of £325,820.52.

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

• On Monday, February 9th, Kathryn Mecklenburgh acquired 13 shares of Softcat stock. The stock was bought at an average cost of GBX 1,172 per share, with a total value of £152.36.

Softcat Stock Performance

SCT stock opened at GBX 1,330 on Friday. The company has a market capitalization of £2.61 billion, a P/E ratio of 18.97, a PEG ratio of 11.51 and a beta of 0.48. The company has a 50-day simple moving average of GBX 1,199.60 and a 200 day simple moving average of GBX 1,365.41. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07.

Softcat (LON:SCT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. Sell-side analysts predict that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SCT. Jefferies Financial Group dropped their price target on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 price target on shares of Softcat in a research report on Thursday, March 19th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Softcat has an average rating of “Moderate Buy” and an average target price of GBX 1,908.89.

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.