Key Points
- Insider buying: Softcat insider Graham Charlton purchased 176 shares at GBX 2,045 each, totaling £3,599.20. He also made smaller purchases in July and August.
- Mixed analyst outlook: JPMorgan raised its target to GBX 2,300 and maintained an “overweight” rating, but the broader analyst consensus remains “Hold” with an average target of GBX 1,937.50.
- Stock valuation and performance: Softcat shares opened at GBX 1,867, with a £3.67 billion market capitalization and a 52-week range of GBX 1,083 to GBX 2,134. Despite strong first-half profitability and insider buying, the stock recently declined, potentially reflecting profit-taking or elevated investor expectations.
Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton purchased 176 shares of the business's stock in a transaction on Monday, September 7th. The shares were acquired at an average cost of GBX 2,045 per share, with a total value of £3,599.20.
Graham Charlton also recently made the following trade(s):
- On Friday, August 7th, Graham Charlton acquired 8 shares of Softcat stock. The shares were bought at an average cost of GBX 1,991 per share, with a total value of £159.28.
- On Tuesday, July 7th, Graham Charlton acquired 7 shares of Softcat stock. The stock was bought at an average price of GBX 1,936 per share, for a total transaction of £135.52.
Softcat Price Performance
Shares of SCT opened at GBX 1,867 on Wednesday. The firm has a market capitalization of £3.67 billion, a PE ratio of 26.63, a PEG ratio of 11.51 and a beta of 0.57. The company's 50-day moving average is GBX 1,966.95 and its 200-day moving average is GBX 1,611.49. Softcat plc has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38.
Analysts Set New Price Targets
Several research analysts have weighed in on SCT shares. Berenberg Bank increased their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a "buy" rating in a report on Tuesday, May 26th. Royal Bank Of Canada cut Softcat to a "neutral" rating and boosted their price objective for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft downgraded Softcat to a "hold" rating and upped their target price for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,700 target price on shares of Softcat in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an "overweight" rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Softcat has a consensus rating of "Hold" and an average price target of GBX 1,937.50.
View Our Latest Report on Softcat
Softcat News Summary
Here are the key news stories impacting Softcat this week:
- Positive Sentiment: J.P. Morgan remains bullish: The bank reaffirmed its “Buy” rating and previously raised its price target from GBX 1,950 to GBX 2,300, maintaining an “Overweight” view. This indicates continued confidence in Softcat’s growth prospects and valuation upside. J.P. Morgan Reaffirms Their Buy Rating on Softcat
- Positive Sentiment: Insider buying provides a confidence signal: Kathryn Mecklenburgh and Graham Charlton each purchased 176 shares at GBX 2,045, worth approximately £3,599 per transaction. Insider purchases can suggest that company executives view the current valuation as attractive. Softcat insider transactions
- Positive Sentiment: Strong half-year profit: Softcat reported strong first-half profitability, reinforcing the company’s underlying earnings momentum. Softcat stock falls after strong half-year profit and insider buy
- Neutral Sentiment: Executive share awards disclosed: Softcat’s CEO and CFO received share incentive awards under the company’s remuneration arrangements. The awards align management with shareholders, although they may also contribute to future share dilution. Softcat CEO and CFO Receive Share Incentive Awards
- Negative Sentiment: Positive news was not enough to support the stock: The decline following strong results and insider buying suggests investors may have expected even stronger performance, or may be taking profits after Softcat’s substantial prior gains. Softcat stock gains as JPMorgan lifts its target
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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