Insider Buying: Softcat (LON:SCT) Insider Acquires 7 Shares of Stock

Softcat plc (LON:SCT) insider Graham Charlton purchased 7 shares of the stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of GBX 1,936 per share, with a total value of £135.52.

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

• On Monday, June 8th, Graham Charlton acquired 8 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,897 per share, for a total transaction of £151.76.
• On Thursday, May 7th, Graham Charlton bought 11 shares of Softcat stock. The stock was purchased at an average cost of GBX 1,422 per share, with a total value of £156.42.

Softcat Trading Down 4.4%

SCT traded down GBX 84 during mid-day trading on Wednesday, hitting GBX 1,835. The stock had a trading volume of 198,521 shares, compared to its average volume of 2,356,380. The stock’s fifty day simple moving average is GBX 1,666.60 and its 200-day simple moving average is GBX 1,418.50. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm has a market capitalization of £3.60 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,977.

Wall Street Analysts Forecast Growth

SCT has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Royal Bank Of Canada lowered Softcat to a “neutral” rating and boosted their price objective for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Finally, Berenberg Bank increased their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,957.

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.