Softcat plc (LON:SCT – Get Free Report) insider Mayank Prakash acquired 2,645 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were acquired at an average price of GBX 1,890 per share, with a total value of £49,990.50.
Softcat Stock Up 0.2%
Softcat stock opened at GBX 1,700 on Monday. The company has a debt-to-equity ratio of 10.41, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a market capitalization of £3.66 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 11.51 and a beta of 0.58. The business has a fifty day moving average price of GBX 1,929.51 and a 200-day moving average price of GBX 1,746.25. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134.
Softcat (LON:SCT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. Equities research analysts forecast that Softcat plc will post 60.72 EPS for the current fiscal year.
Softcat News Summary
Here are the key news stories impacting Softcat this week:
- Positive Sentiment: Seven Softcat insiders, including senior directors, collectively bought 12,432 shares at GBX 1,890 each, investing approximately £225,000. The coordinated purchases may signal confidence in the company’s valuation and prospects.
- Positive Sentiment: Berenberg reaffirmed its “Buy” rating and set a GBX 2,400 price target, implying substantial upside from recent trading levels. The recommendation reinforces the case that the recent share-price weakness may have been overdone.
- Positive Sentiment: Recent analysis continues to highlight potential long-term growth in the IT-reseller sector, supported by demand for artificial intelligence and technology services. Softcat stock analysis
- Neutral Sentiment: Softcat issued 12,432 new ordinary shares following director subscriptions, lifting the share count to about 215.7 million. The transactions demonstrate director participation but create a small amount of dilution for existing shareholders. Softcat director equity subscription
- Neutral Sentiment: Jefferies reaffirmed its “Hold” rating, providing a more cautious counterpoint to Berenberg’s bullish stance. Softcat Hold rating
- Negative Sentiment: Investors are focused on the risk of a margin squeeze in the upcoming fiscal-year results. Pressure on profitability could offset otherwise solid revenue growth and weigh on earnings expectations. Softcat faces FY results margin squeeze
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on SCT shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft downgraded Softcat to a “hold” rating and upped their target price for the stock from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. JPMorgan Chase & Co. raised their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday, September 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,400 price target on shares of Softcat in a research report on Friday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,078.57.
Check Out Our Latest Stock Report on SCT
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.
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