Softcat plc (LON:SCT – Get Free Report) insider Jacqui Ferguson acquired 529 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was bought at an average price of GBX 1,890 per share, for a total transaction of £9,998.10.
Softcat Stock Performance
Shares of LON SCT traded up GBX 3 during mid-day trading on Friday, reaching GBX 1,700. 1,339,130 shares of the company were exchanged, compared to its average volume of 1,776,860. The stock has a market capitalization of £3.66 billion, a P/E ratio of 24.25, a P/E/G ratio of 11.51 and a beta of 0.58. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 10.41. The company’s 50-day simple moving average is GBX 1,935.22 and its 200-day simple moving average is GBX 1,742.66. Softcat plc has a twelve month low of GBX 1,083 and a twelve month high of GBX 2,134.
Softcat (LON:SCT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 EPS for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. As a group, research analysts predict that Softcat plc will post 60.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SCT. JPMorgan Chase & Co. lifted their price target on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday, September 7th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and boosted their target price for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 2,400 price target on shares of Softcat in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,993.75.
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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