Softcat (LON:SCT) Insider Acquires £159.28 in Stock

Key Points

• Softcat insider Graham Charlton bought 8 shares at GBX 1,991 each, worth £159.28, continuing purchases made in June and July.
• Softcat shares opened at GBX 1,986, near their 52-week high of GBX 2,024, with a £3.90 billion market capitalization and a P/E ratio of 28.33.
• Analyst sentiment is cautiously positive: six analysts rate the stock a Buy, two Hold and one Sell, producing a consensus “Moderate Buy” rating and a GBX 1,974.44 target price.

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton acquired 8 shares of the business's stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of GBX 1,991 per share, for a total transaction of £159.28.

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

• On Tuesday, July 7th, Graham Charlton acquired 7 shares of Softcat stock. The stock was acquired at an average price of GBX 1,936 per share, with a total value of £135.52.
• On Monday, June 8th, Graham Charlton bought 8 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,897 per share, with a total value of £151.76.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,986 on Tuesday. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The company has a market capitalization of £3.90 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company's 50 day moving average price is GBX 1,876.82 and its two-hundred day moving average price is GBX 1,500.70. Softcat plc has a 52 week low of GBX 1,083 and a 52 week high of GBX 2,024.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut shares of Softcat to a "neutral" rating and boosted their price objective for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Berenberg Bank increased their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Jefferies Financial Group reissued a "hold" rating and issued a GBX 1,700 price target on shares of Softcat in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the company a "buy" rating in a report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,974.44.

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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