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

Key Points

• Softcat insider Graeme Watt bought 5,291 shares at GBX 1,890 each, totaling approximately £100,000.
• Softcat shares traded at GBX 1,700, with a market capitalization of about £3.66 billion; the stock has a 12-month range of GBX 1,083 to GBX 2,134.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of GBX 1,993.75, despite several buy or overweight recommendations.

Softcat plc (LON:SCT - Get Free Report) insider Graeme Watt acquired 5,291 shares of the company's stock in a transaction that occurred on Friday, October 16th. The shares were acquired at an average cost of GBX 1,890 per share, for a total transaction of £99,999.90.

Softcat Stock Performance

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

Softcat (LON:SCT - Get Free Report) 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, equities analysts forecast that Softcat plc will post 60.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SCT shares. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a "hold" rating and raised their target price for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Berenberg Bank reiterated a "buy" rating and set a GBX 2,400 target price on shares of Softcat in a research note on Friday. JPMorgan Chase & Co. increased 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. Finally, Jefferies Financial Group restated a "hold" rating and issued a GBX 1,700 price target on shares of Softcat in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Softcat currently has a consensus rating of "Hold" and an average 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.

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