Softcat (LON:SCT) Insider Graham Charlton Sells 15,919 Shares

Softcat plc (LON:SCT) insider Graham Charlton sold 15,919 shares of Softcat stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total value of £231,780.64.

Graham Charlton also recently made the following trade(s):

• On Thursday, December 11th, Graham Charlton sold 9,937 shares of Softcat stock. The stock was sold at an average price of GBX 1,429, for a total transaction of £141,999.73.

Softcat Trading Up 0.7%

Shares of SCT stock traded up GBX 10 during mid-day trading on Monday, reaching GBX 1,457. The stock had a trading volume of 220,878 shares, compared to its average volume of 975,968. The firm has a market capitalization of £2.91 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock’s 50-day moving average price is GBX 1,511.24 and its two-hundred day moving average price is GBX 1,603.85. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. Softcat plc has a 52-week low of GBX 1,393 and a 52-week high of GBX 1,960.

Softcat (LON:SCT) last announced its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities analysts expect that Softcat plc will post 60.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SCT shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a research note on Tuesday, November 18th. Jefferies Financial Group lifted their price objective on Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and upped their target price for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded Softcat to a “buy” rating and raised their target price for the company from GBX 1,830 to GBX 1,900 in a research note on Thursday, October 23rd. Finally, UBS Group restated a “sell” rating and set a GBX 1,400 price target on shares of Softcat in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,902.22.

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.