Softcat (LON:SCT) Earns “Buy” Rating from Shore Capital

Softcat (LON:SCT)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

Softcat Price Performance

SCT stock opened at GBX 1,815 ($23.60) on Wednesday. The business has a 50 day moving average price of GBX 1,546.56 and a 200 day moving average price of GBX 1,561.53. The stock has a market cap of £3.61 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a fifty-two week low of GBX 1,415 ($18.40) and a fifty-two week high of GBX 1,855 ($24.12). The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

Softcat (LON:SCT) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities research analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Softcat

In other news, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.36), for a total value of £229,008.20 ($297,722.57). Also, insider Jacqui Ferguson bought 3,038 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of GBX 1,470 ($19.11) per share, for a total transaction of £44,658.60 ($58,058.50). Over the last quarter, insiders bought 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is owned by insiders.

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.