Insider Buying: Softcat plc (LON:SCT) Insider Buys £44,658.60 in Stock

Softcat plc (LON:SCT) insider Jacqui Ferguson purchased 3,038 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of GBX 1,470 ($18.16) per share, with a total value of £44,658.60 ($55,161.31).

Softcat Price Performance

SCT stock opened at GBX 1,514 ($18.70) on Friday. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. The firm’s 50-day moving average price is GBX 1,544.64 and its two-hundred day moving average price is GBX 1,571.02. The stock has a market capitalization of £3.02 billion, a price-to-earnings ratio of 2,703.57, a PEG ratio of 11.51 and a beta of 0.71. Softcat plc has a 12-month low of GBX 1,380 ($17.05) and a 12-month high of GBX 1,855 ($22.91).

Softcat (LON:SCT) last announced its quarterly earnings results on Thursday, October 24th. The company reported GBX 59.70 ($0.74) earnings per share (EPS) for the quarter. Softcat had a return on equity of 50.40% and a net margin of 12.04%. As a group, equities analysts predict that Softcat plc will post 60.72 earnings per share for the current year.

Analyst Ratings Changes

SCT has been the subject of a number of recent research reports. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($19.76) target price on shares of Softcat in a research note on Monday, October 28th. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,457.50 ($18.00).

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.