Graham Charlton Sells 15,919 Shares of Softcat (LON:SCT) Stock

Softcat plc (LON:SCT) insider Graham Charlton sold 15,919 shares of Softcat stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64.

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

• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The shares were sold at an average price of GBX 1,429, for a total value of £141,999.73.

Softcat Trading Up 0.7%

Shares of Softcat stock traded up GBX 10 during midday trading on Monday, reaching GBX 1,457. The company had a trading volume of 220,878 shares, compared to its average volume of 975,968. The stock has a fifty day moving average price of GBX 1,511.24 and a 200 day moving average price of GBX 1,603.85. Softcat plc has a fifty-two week low of GBX 1,393 and a fifty-two week high of GBX 1,960. The firm has a market cap of £2.91 billion, a PE ratio of 22.01, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

Softcat (LON:SCT) last announced its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, equities analysts anticipate that Softcat plc will post 60.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a research report on Tuesday, November 18th. Citigroup dropped their price objective on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and raised their target price for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. UBS Group restated a “sell” rating and issued a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Finally, Jefferies Financial Group increased their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research note on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,902.22.

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.