Softcat (LON:SCT) Announces Earnings Results

Softcat (LON:SCT) announced its earnings results on Wednesday. The company reported GBX 28.70 ($0.37) earnings per share for the quarter, Digital Look Earnings reports. Softcat had a net margin of 12.37% and a return on equity of 43.79%.

Softcat Trading Up 11.8 %

SCT stock opened at GBX 1,814 ($23.58) on Wednesday. The company has a market capitalization of £3.61 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a one year low of GBX 1,415 ($18.40) and a one year high of GBX 1,855 ($24.12). The company’s 50 day moving average price is GBX 1,546.56 and its two-hundred day moving average price is GBX 1,561.53. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Wednesday.

Insiders Place Their Bets

In other Softcat news, insider Jacqui Ferguson purchased 3,038 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($19.11) per share, with a total value of £44,658.60 ($58,058.50). Also, insider Graham Charlton sold 15,380 shares of Softcat 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 transaction of £229,008.20 ($297,722.57). Over the last ninety days, insiders have acquired 3,067 shares of company stock valued at $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

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.