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

Softcat plc (LON:SCT) insider Graham Charlton acquired 10 shares of the stock in a transaction dated Wednesday, January 7th. The shares were bought 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 Stock Performance

Shares of LON SCT opened at GBX 1,482 on Friday. The stock’s 50-day moving average is GBX 1,444.70 and its 200 day moving average is GBX 1,550.90. The stock has a market cap of £2.96 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat plc has a 1-year low of GBX 1,358 and a 1-year high of GBX 1,960. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SCT. Shore Capital reaffirmed a “buy” rating and set a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and raised their target price for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a research report on Tuesday, November 18th. UBS Group reissued a “sell” rating and issued a GBX 1,400 target price on shares of Softcat in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Softcat to a “buy” rating and boosted their price target for the stock from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Six research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 1,902.22.

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.