Graham Charlton Buys 10 Shares of Softcat (LON:SCT) Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of GBX 1,380 per share, for a total transaction of £138.

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

• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The stock was sold at an average price of GBX 1,429, for a total value of £141,999.73.
• On Friday, December 12th, Graham Charlton sold 15,919 shares of Softcat stock. The shares were sold at an average price of GBX 1,456, for a total value of £231,780.64.

Softcat Trading Up 5.0%

Shares of Softcat stock traded up GBX 70.02 during trading hours on Thursday, hitting GBX 1,470.02. The company’s stock had a trading volume of 2,218,752 shares, compared to its average volume of 1,928,738. The stock has a market cap of £2.93 billion, a price-to-earnings ratio of 22.21, 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 quick ratio of 1.38 and a current ratio of 1.60. Softcat plc has a twelve month low of GBX 1,358 and a twelve month high of GBX 1,960. The firm has a fifty day moving average of GBX 1,449.72 and a 200-day moving average of GBX 1,553.56.

Softcat (LON:SCT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Research analysts forecast that Softcat plc will post 60.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Shore Capital restated a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and boosted their target price for the company from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. Peel Hunt restated 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 raised Softcat to a “buy” rating and lifted their price objective for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating and issued a GBX 1,400 price objective on shares of Softcat in a report on Friday, October 17th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Softcat presently has an average rating of “Hold” and a consensus price target 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. 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.