Softcat (LON:SCT) Insider Kathryn Mecklenburgh Buys 7,352 Shares

Key Points

• Insider buying: Kathryn Mecklenburgh purchased 7,352 shares on April 27 at GBX 1,365 (total £100,354.80) and has recently also bought 24,461 shares on April 23 at GBX 1,332 (£325,820.52) and 13 shares on February 9 at GBX 1,172.
• Share price and fundamentals: Shares traded at GBX 1,344.98 midday (50‑day MA GBX 1,213.55; 200‑day MA GBX 1,357.85) with a 1‑year range of GBX 1,083–1,960 and a market cap of £2.64 billion.
• Analyst view: Consensus is a "Moderate Buy" with an average target of GBX 1,908.89; analyst notes include Jefferies cutting its target to GBX 1,210 (hold) while Berenberg reiterated a GBX 1,900 buy, and the stock has seven Buy, one Hold and one Sell ratings.

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh acquired 7,352 shares of the firm's stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of GBX 1,365 per share, with a total value of £100,354.80.

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

• On Thursday, April 23rd, Kathryn Mecklenburgh bought 24,461 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52.
• On Monday, February 9th, Kathryn Mecklenburgh purchased 13 shares of Softcat stock. The stock was acquired at an average price of GBX 1,172 per share, for a total transaction of £152.36.

Softcat Stock Performance

Shares of LON SCT traded down GBX 13.02 during midday trading on Wednesday, hitting GBX 1,344.98. The company's stock had a trading volume of 1,081,508 shares, compared to its average volume of 2,906,375. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960. The firm's fifty day moving average price is GBX 1,213.55 and its 200-day moving average price is GBX 1,357.85. 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 firm has a market cap of £2.64 billion, a P/E ratio of 19.19, a P/E/G ratio of 11.51 and a beta of 0.48.

Softcat (LON:SCT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. On average, sell-side analysts forecast that Softcat plc will post 60.72 EPS for the current fiscal year.

Analysts Set New Price Targets

SCT has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Softcat from GBX 1,500 to GBX 1,210 and set a "hold" rating on the stock in a report on Thursday, March 19th. Shore Capital Group reaffirmed a "buy" rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,900 target price on shares of Softcat in a research note on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,908.89.

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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