Softcat (LON:SCT) Posts Quarterly Earnings Results

Softcat (LON:SCT) released its quarterly earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share for the quarter, Digital Look Earnings reports. Softcat had a return on equity of 43.79% and a net margin of 12.37%.

Softcat Price Performance

Shares of SCT opened at GBX 1,811 ($23.54) on Wednesday. Softcat has a 52-week low of GBX 1,415 ($18.40) and a 52-week high of GBX 1,855 ($24.12). The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The business’s 50 day moving average price is GBX 1,546.56 and its two-hundred day moving average price is GBX 1,561.53. The firm has a market cap of £3.60 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Wednesday.

Insider Buying and Selling at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.36), for a total value of £229,008.20 ($297,722.57). Also, insider Jacqui Ferguson purchased 3,038 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($19.11) per share, for a total transaction of £44,658.60 ($58,058.50). Over the last three months, insiders have acquired 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by company insiders.

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.