Insider Selling: Softcat (LON:SCT) Insider Sells £288,843.77 in Stock

Softcat plc (LON:SCT) insider Graeme Watt sold 20,213 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of GBX 1,429, for a total value of £288,843.77.

Softcat Stock Down 0.1%

Softcat stock opened at GBX 1,447 on Monday. Softcat plc has a 1-year low of GBX 1,393 and a 1-year high of GBX 1,960. The company has a market cap of £2.89 billion, a PE ratio of 21.86, a price-to-earnings-growth 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. The stock’s 50 day moving average price is GBX 1,511.24 and its 200 day moving average price is GBX 1,603.85.

Softcat (LON:SCT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, sell-side analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SCT shares. Jefferies Financial Group boosted their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Shore Capital reissued a “buy” rating and set a GBX 1,925 target price on shares of Softcat in a research report on Wednesday, October 22nd. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,135 price target on shares of Softcat in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and boosted their price objective for the stock from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. Finally, Citigroup lowered their target price on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,902.22.

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.