Softcat (LON:SCT) Insider Graham Charlton Acquires 529 Shares of Company Stock

Key Points

• Softcat insider Graham Charlton bought 529 shares at GBX 1,890 each, representing a total transaction of £9,998.10. He has made several additional purchases since August.
• Softcat shares rose 0.2% to GBX 1,700, giving the company a market capitalization of approximately £3.66 billion. The stock trades below its 12-month high of GBX 2,134.
• Analyst sentiment is mixed, with four Buy, three Hold, and one Sell rating; the consensus rating is Hold, with an average price target of GBX 1,993.75.

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton acquired 529 shares of the business'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 £9,998.10.

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

• On Wednesday, October 7th, Graham Charlton acquired 8 shares of Softcat stock. The stock was acquired at an average cost of GBX 2 per share, with a total value of GBX 16.
• On Monday, September 7th, Graham Charlton bought 176 shares of Softcat stock. The shares were bought at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20.
• On Friday, August 7th, Graham Charlton purchased 8 shares of Softcat stock. The stock was bought at an average price of GBX 1,991 per share, for a total transaction of £159.28.

Softcat Stock Up 0.2%

SCT stock traded up GBX 3 during 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. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,134. The business has a 50 day simple moving average of GBX 1,935.22 and a 200 day simple moving average of GBX 1,742.66. The company has a market capitalization of £3.66 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. 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 (LON:SCT - Get Free Report) last announced its earnings results on Wednesday, October 14th. The company reported GBX 75.80 EPS for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. On average, equities research analysts anticipate that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SCT. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,400 price objective on shares of Softcat in a research report on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a "hold" rating and raised their target price for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 1,700 price target on shares of Softcat in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an "overweight" rating in a report on Monday, September 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Softcat has a consensus rating of "Hold" and an average target price 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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