Graeme Watt Sells 20,213 Shares of Softcat (LON:SCT) Stock

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

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,447 on Friday. Softcat plc has a fifty-two week low of GBX 1,393 and a fifty-two week high of GBX 1,960. 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 firm has a market cap of £2.89 billion, a P/E ratio of 21.86, a PEG ratio of 11.51 and a beta of 0.71. The stock’s 50-day moving average is GBX 1,511.24 and its two-hundred day moving average is GBX 1,605.17.

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%. Analysts predict that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SCT. Jefferies Financial Group increased their price target on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of Softcat to a “buy” rating and upped their target price for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Peel Hunt reissued a “buy” rating and set a GBX 2,135 price target on shares of Softcat in a research report on Tuesday, November 18th. JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and boosted their price target for the company from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Finally, UBS Group reaffirmed a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a research note on Friday, October 17th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Softcat currently has a consensus 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.