Softcat (LON:SCT) Insider Kathryn Mecklenburgh Buys 176 Shares of Stock

Key Points

• Insider buying: Softcat director Kathryn Mecklenburgh purchased 176 shares at GBX 2,045 each, spending £3,599.20. She has also made smaller purchases in July and August.
• Shares fell sharply: Softcat stock declined 8.5% to GBX 1,867 in heavy trading, while remaining within its 52-week range of GBX 1,083 to GBX 2,134.
• Analyst outlook is mixed: Ratings include four Buys, three Holds and one Sell, resulting in a consensus “Hold” rating and an average price target of GBX 1,937.50.

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh acquired 176 shares of Softcat stock in a transaction dated Monday, September 7th. The stock was purchased at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20.

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

• On Friday, August 7th, Kathryn Mecklenburgh purchased 7 shares of Softcat stock. The stock was acquired at an average price of GBX 1,991 per share, for a total transaction of £139.37.
• On Tuesday, July 7th, Kathryn Mecklenburgh purchased 8 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,936 per share, for a total transaction of £154.88.

Softcat Trading Down 8.5%

SCT stock traded down GBX 173 during midday trading on Tuesday, reaching GBX 1,867. 9,894,557 shares of the company's stock traded hands, compared to its average volume of 1,960,991. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The business has a 50-day moving average price of GBX 1,966.21 and a two-hundred day moving average price of GBX 1,606.29. The company has a market capitalization of £3.67 billion, a P/E ratio of 26.63, a PEG ratio of 11.51 and a beta of 0.57.

Analyst Ratings Changes

SCT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Softcat to a "hold" rating and increased their price target for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. JPMorgan Chase & Co. upped their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an "overweight" rating in a research report on Monday. Berenberg Bank raised their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a "buy" rating in a report on Tuesday, May 26th. Jefferies Financial Group reissued a "hold" rating and set a GBX 1,700 price target on shares of Softcat in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada cut Softcat to a "neutral" rating and upped their price target for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Four 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 1,937.50.

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.

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