Softcat (LON:SCT) Stock: Insider Kathryn Mecklenburgh Acquires 1,322 Shares

Key Points

• Insider buying: Softcat director Kathryn Mecklenburgh purchased 1,322 shares at GBX 1,890 each, spending approximately £24,986. She has made several additional smaller purchases in recent months.
• Stock performance: Softcat shares rose 0.2% to GBX 1,700, with the company valued at approximately £3.66 billion. Its shares have traded between GBX 1,083 and GBX 2,134 over the past year.
• Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of GBX 1,993.75, with ratings ranging from “Sell” to “Buy.”

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh purchased 1,322 shares of the firm's stock in a transaction on Friday, October 16th. The stock was bought at an average cost of GBX 1,890 per share, with a total value of £24,985.80.

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

• On Wednesday, October 7th, Kathryn Mecklenburgh acquired 9 shares of Softcat stock. The shares were bought at an average cost of GBX 2 per share, for a total transaction of GBX 18.
• On Monday, September 7th, Kathryn Mecklenburgh acquired 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, Kathryn Mecklenburgh bought 7 shares of Softcat stock. The stock was purchased at an average price of GBX 1,991 per share, with a total value of £139.37.

Softcat Stock Up 0.2%

Shares of SCT traded up GBX 3 during trading hours on Friday, hitting GBX 1,700. The stock had a trading volume of 1,339,130 shares, compared to its average volume of 1,776,860. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134. The firm has a market capitalization of £3.66 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The firm 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 debt-to-equity ratio of 10.41, a current ratio of 1.39 and a quick ratio of 1.38.

Softcat (LON:SCT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. Sell-side analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SCT shares. Berenberg Bank restated a "buy" rating and issued a GBX 2,400 target price on shares of Softcat in a report on Friday. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,700 price target on shares of Softcat in a report on Wednesday. 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 research report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft cut Softcat to a "hold" rating and raised their price objective for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Softcat currently has an average 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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