Softcat (LON:SCT) Insider Purchases £19,996.20 in Stock

Key Points

• Insider purchase: Lynne Weedall bought 1,058 Softcat shares at GBX 1,890 each, investing a total of £19,996.20.
• Financial performance: Softcat reported quarterly EPS of GBX 75.80, with a 7.61% net margin and 46.24% return on equity. The stock traded at GBX 1,700, below its 50-day moving average of GBX 1,935.22.
• Analyst outlook: Ratings are mixed, resulting in a consensus “Hold” recommendation and an average price target of GBX 1,993.75; targets from individual analysts range from GBX 1,700 to GBX 2,400.

Softcat plc (LON:SCT - Get Free Report) insider Lynne Weedall purchased 1,058 shares of Softcat stock in a transaction on Friday, October 16th. The stock was acquired at an average cost of GBX 1,890 per share, for a total transaction of £19,996.20.

Softcat Price Performance

SCT stock traded up GBX 3 on Friday, reaching GBX 1,700. The company had a trading volume of 1,339,130 shares, compared to its average volume of 1,776,860. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.38 and a current ratio of 1.39. The company's fifty day moving average is GBX 1,935.22 and its 200 day moving average is GBX 1,742.66. The company 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 plc has a 1 year low of GBX 1,083 and a 1 year high of GBX 2,134.

Softcat (LON:SCT - Get Free Report) last issued its quarterly 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, research analysts forecast that Softcat plc will post 60.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Softcat to a "hold" rating and raised their price target for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,700 target price on shares of Softcat in a research note on Wednesday. Berenberg Bank restated a "buy" rating and set a GBX 2,400 price objective on shares of Softcat in a research report on Friday. Finally, JPMorgan Chase & Co. lifted 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. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 1,993.75.

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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