Softcat (LON:SCT) Stock: Insider Robyn Perriss Purchases 1,058 Shares

Key Points

• Insider Robyn Perriss purchased 1,058 Softcat shares at GBX 1,890 each, for a total investment of approximately £19,996.
• Softcat shares rose 0.2% to GBX 1,700, while the company reported quarterly EPS of GBX 75.80, a 7.61% net margin and a 46.24% return on equity.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of GBX 1,993.75; individual targets range from GBX 1,700 to GBX 2,400.

Softcat plc (LON:SCT - Get Free Report) insider Robyn Perriss purchased 1,058 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The stock was bought at an average price of GBX 1,890 per share, with a total value of £19,996.20.

Softcat Stock Up 0.2%

LON SCT traded up GBX 3 during trading on Friday, reaching GBX 1,700. 1,339,130 shares of the company's stock were exchanged, compared to its average volume of 1,776,860. The firm has a market capitalization of £3.66 billion, a PE ratio of 24.25, a P/E/G ratio of 11.51 and a beta of 0.58. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. 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 company's fifty day simple moving average is GBX 1,935.22 and its 200-day simple moving average is GBX 1,742.66.

Softcat (LON:SCT - Get Free Report) last released 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%. Sell-side analysts predict that Softcat plc will post 60.72 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an "overweight" rating in a research report on Monday, September 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a "hold" rating and boosted their price objective for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,400 price target on shares of Softcat in a report on Friday. Finally, Jefferies Financial Group reissued a "hold" rating and set a GBX 1,700 price objective on shares of Softcat in a report on Wednesday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.