Kathryn Mecklenburgh Buys 11 Shares of Softcat (LON:SCT) Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 11 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average cost of GBX 1,380 per share, for a total transaction of £151.80.

Softcat Stock Performance

Shares of SCT opened at GBX 1,482 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market cap of £2.96 billion, a P/E ratio of 22.39, a PEG ratio of 11.51 and a beta of 0.71. The company has a 50-day moving average of GBX 1,444.70 and a two-hundred day moving average of GBX 1,550.90. Softcat plc has a 12-month low of GBX 1,358 and a 12-month high of GBX 1,960.

Softcat (LON:SCT) last released 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%. As a group, research analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Analysts Set New Price Targets

SCT has been the topic of a number of analyst reports. 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. Jefferies Financial Group upped their target price on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and lifted their price target for the stock from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. Peel Hunt reissued a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and raised their target price for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.