Key Points
- Insider buying continued at Softcat: Kathryn Mecklenburgh bought 10 shares on May 7 for £142.20, adding to several earlier purchases in April and February, including a much larger £325,820.52 buy on April 23.
- Softcat shares were slightly lower: The stock was down 1.0% and opened at GBX 1,420, near its recent trading range but well above its 52-week low of GBX 1,083.
- Analysts remain cautiously positive: Softcat has a consensus rating of Moderate Buy with a target price of GBX 1,908.89, though Jefferies recently cut its target and issued a hold rating.
Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh purchased 10 shares of the company's stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price 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 purchased 7,352 shares of Softcat stock. The shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price of GBX 1,172 per share, for a total transaction of £152.36.
Softcat Stock Down 1.0%
SCT stock opened at GBX 1,420 on Friday. The firm has a market cap of £2.79 billion, a PE ratio of 20.26, a P/E/G ratio of 11.51 and a beta of 0.53. The firm's fifty day moving average is GBX 1,241.27 and its 200 day moving average is GBX 1,351.62. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. Softcat plc has a one year low of GBX 1,083 and a one year high of GBX 1,960.
Softcat (LON:SCT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. On average, research analysts forecast that Softcat plc will post 60.72 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently weighed in on SCT. Jefferies Financial Group decreased their price target on shares of Softcat from GBX 1,500 to GBX 1,210 and set a "hold" rating on the stock in a research note on Thursday, March 19th. Shore Capital Group restated a "buy" rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 1,900 price target on shares of Softcat in a research report on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Softcat currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,908.89.
Check Out Our Latest Report on Softcat
About Softcat
(
Get Free Report)
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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