Softcat (LON:SCT) Insider Jacqui Ferguson Acquires 529 Shares of Company Stock

Softcat plc (LON:SCT) insider Jacqui Ferguson bought 529 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was bought at an average cost of GBX 1,890 per share, with a total value of £9,998.10.

Softcat Price Performance

LON:SCT traded up GBX 3 on Friday, hitting GBX 1,700. The company had a trading volume of 1,339,130 shares, compared to its average volume of 1,776,860. Softcat plc has a 52 week low of GBX 1,083 and a 52 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 stock has a market capitalization of £3.66 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 11.51 and a beta of 0.58. The firm has a 50 day moving average of GBX 1,935.22 and a two-hundred day moving average of GBX 1,742.66.

Softcat (LON:SCT) last posted its earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. On average, research analysts anticipate that Softcat plc will post 60.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday, September 7th. Deutsche Bank Aktiengesellschaft lowered Softcat to a “hold” rating and lifted their price target for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Berenberg Bank restated a “buy” rating and set a GBX 2,400 price target on shares of Softcat in a report on Friday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Wednesday. Four investment 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 target price 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.