Softcat's (SCT) "Buy" Rating Reaffirmed at Shore Capital

Softcat (LON:SCT - Get Free Report)'s stock had its "buy" rating reissued by analysts at Shore Capital in a research note issued to investors on Wednesday, Marketbeat reports.

Softcat Stock Down 1.6 %

Shares of LON:SCT traded down GBX 26 ($0.34) during midday trading on Wednesday, hitting GBX 1,647 ($21.27). 477,579 shares of the stock were exchanged, compared to its average volume of 953,792. The company has a market capitalization of £3.28 billion, a PE ratio of 27.57, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,415 ($18.27) and a 52-week high of GBX 1,855 ($23.95). The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The business's fifty day simple moving average is GBX 1,560.13 and its two-hundred day simple moving average is GBX 1,564.59.

Softcat (LON:SCT - Get Free Report) last issued its earnings results 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%. As a group, research analysts predict 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 on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.23), for a total value of £229,008.20 ($295,723.40). Also, insider Jacqui Ferguson acquired 3,038 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($18.98) per share, with a total value of £44,658.60 ($57,668.65). Insiders have purchased a total of 3,067 shares of company stock worth $4,511,098 over the last three months. Corporate insiders own 43.60% of the company's stock.

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About Softcat

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.