Shore Capital Reiterates “Buy” Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued on Wednesday,Digital Look reports.

Softcat Stock Performance

LON SCT opened at GBX 1,815 ($23.60) on Wednesday. The company has a market cap of £3.61 billion, a P/E ratio of 30.39, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The stock has a 50-day moving average of GBX 1,546.56 and a two-hundred day moving average of GBX 1,561.53. Softcat has a 1-year low of GBX 1,415 ($18.40) and a 1-year high of GBX 1,855 ($24.12).

Softcat (LON:SCT) last released 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, analysts anticipate that Softcat will post 60.72 EPS for the current year.

Insider Activity

In other news, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction dated 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 acquired 3,038 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of GBX 1,470 ($19.11) per share, with a total value of £44,658.60 ($58,058.50). In the last quarter, insiders purchased 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is currently owned by company 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.