Insider Buying: Softcat (LON:SCT) Insider Acquires £154.88 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 8 shares of Softcat stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of GBX 1,936 per share, for a total transaction of £154.88.

Kathryn Mecklenburgh also recently made the following trade(s):

• On Monday, June 8th, Kathryn Mecklenburgh purchased 8 shares of Softcat stock. The stock was acquired at an average price of GBX 1,897 per share, for a total transaction of £151.76.
• On Thursday, May 7th, Kathryn Mecklenburgh acquired 10 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,422 per share, for a total transaction of £142.20.
• On Monday, April 27th, Kathryn Mecklenburgh bought 7,352 shares of Softcat stock. The shares were acquired at an average cost of GBX 1,365 per share, with a total value of £100,354.80.
• On Thursday, April 23rd, Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock. The stock was bought at an average price of GBX 1,332 per share, for a total transaction of £325,820.52.

Softcat Price Performance

SCT stock opened at GBX 1,884 on Friday. The stock has a market cap of £3.70 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 11.51 and a beta of 0.58. 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 company has a 50 day simple moving average of GBX 1,696.67 and a 200 day simple moving average of GBX 1,427.58. Softcat plc has a 1 year low of GBX 1,083 and a 1 year high of GBX 1,977.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Shore Capital Group reiterated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Berenberg Bank lifted their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and upped their price target for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft increased their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research report on Thursday, June 25th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,957.

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.