Insider Buying: Softcat (LON:SCT) Insider Acquires £24,985.80 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 1,322 shares of Softcat stock in a transaction on Friday, October 16th. The shares were purchased 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 stock was purchased at an average price of GBX 2 per share, for a total transaction of GBX 18.
• On Monday, September 7th, Kathryn Mecklenburgh bought 176 shares of Softcat stock. The shares were acquired at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20.
• On Friday, August 7th, Kathryn Mecklenburgh purchased 7 shares of Softcat stock. The stock was bought at an average price of GBX 1,991 per share, with a total value of £139.37.

Softcat Stock Performance

Shares of LON:SCT traded up GBX 3 during midday trading on Friday, reaching GBX 1,700. 1,339,130 shares of the company traded hands, compared to its average volume of 1,776,860. The firm’s fifty day moving average price is GBX 1,935.22 and its two-hundred day moving average price is GBX 1,742.66. The firm has a market capitalization of £3.66 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 10.41. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,134.

Softcat (LON:SCT) last announced 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%. On average, equities analysts expect that Softcat plc will post 60.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SCT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Softcat to a “hold” rating and increased their price objective for the stock from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price target on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a report on Wednesday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 2,400 price objective on shares of Softcat in a research report on Friday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.