Kathryn Mecklenburgh Buys 10 Shares of Softcat (LON:SCT) Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 10 shares of Softcat stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of GBX 1,422 per share, for a total transaction of £142.20.

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

• On Monday, April 27th, Kathryn Mecklenburgh bought 7,352 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,365 per share, for a total transaction of £100,354.80.
• On Thursday, April 23rd, Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock. The stock was bought at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52.
• On Monday, February 9th, Kathryn Mecklenburgh purchased 13 shares of Softcat stock. The stock was bought at an average cost of GBX 1,172 per share, for a total transaction of £152.36.

Softcat Stock Performance

Shares of LON SCT traded down GBX 8 during mid-day trading on Friday, hitting GBX 1,427. The company had a trading volume of 29,416,563 shares, compared to its average volume of 3,064,708. The stock has a market cap of £2.80 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 11.51 and a beta of 0.53. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960. 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 firm’s 50 day simple moving average is GBX 1,241.27 and its two-hundred day simple moving average is GBX 1,351.62.

Softcat (LON:SCT) last announced its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. As a group, equities research analysts forecast that Softcat plc will post 60.72 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SCT. Berenberg Bank reissued a “buy” rating and issued a GBX 1,900 price target on shares of Softcat in a report on Thursday, March 19th. Shore Capital Group restated a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Jefferies Financial Group lowered their target price on Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,908.89.

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.