Insider Buying: Softcat (LON:SCT) Insider Buys 8 Shares of Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 8 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of GBX 1,897 per share, with a total value of £151.76.

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

• On Thursday, May 7th, Kathryn Mecklenburgh acquired 10 shares of Softcat stock. The shares were bought at an average price of GBX 1,422 per share, with a total value of £142.20.
• On Monday, April 27th, Kathryn Mecklenburgh purchased 7,352 shares of Softcat stock. The stock was acquired at an average price of GBX 1,365 per share, with a total value of £100,354.80.
• On Thursday, April 23rd, Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock. The stock was acquired at an average price of GBX 1,332 per share, with a total value of £325,820.52.

Softcat Price Performance

SCT stock traded down GBX 13 during midday trading on Tuesday, hitting GBX 1,878. The company’s stock had a trading volume of 10,597,670 shares, compared to its average volume of 2,425,881. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The firm has a market capitalization of £3.69 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a 50 day moving average of GBX 1,427.12 and a two-hundred day moving average of GBX 1,359.68.

Softcat (LON:SCT) last posted its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. On average, analysts expect that Softcat plc will post 60.72 EPS for the current year.

Analysts Set New Price Targets

SCT has been the topic of several recent research reports. Berenberg Bank upped their price objective 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 restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Softcat has a consensus rating of “Moderate Buy” and an average target price of GBX 1,957.78.

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.