Softcat Cancels 112,400 Shares as Buy-Back Programme Progresses

Softcat ( (GB:SCT) ) just unveiled an announcement.

Softcat plc has continued to execute its previously announced share buy-back programme, repurchasing 112,400 ordinary shares on 23 January 2026 via J.P. Morgan Securities at prices between 1,392p and 1,406p, with a weighted average price of 1,400.4309p. The company intends to cancel these shares, reducing its issued share capital to 199,126,461 ordinary shares with voting rights and no treasury shares held, a move that marginally enhances earnings per share and underscores management’s ongoing commitment to capital returns for shareholders while providing an updated reference for regulatory disclosure thresholds.

The most recent analyst rating on (GB:SCT) stock is a Buy with a £1654.00 price target. To see the full list of analyst forecasts on Softcat stock, see the GB:SCT Stock Forecast page.

Spark’s Take on GB:SCT Stock

According to Spark, TipRanks’ AI Analyst, GB:SCT is a Outperform.

Softcat’s strong financial performance and positive corporate events are the most significant factors driving the score. However, technical indicators suggest caution due to bearish trends, and the valuation is moderate. The absence of recent earnings call data limits insights into management’s current outlook.

To see Spark’s full report on GB:SCT stock, click here.

More about Softcat

Softcat plc is a UK-listed IT infrastructure and services provider, supplying technology solutions and related services to corporate and public sector customers. The company focuses on delivering hardware, software, networking, and cloud services, positioning itself as a key intermediary between major technology vendors and end-users across the UK market.

Average Trading Volume: 478,131

Technical Sentiment Signal: Hold

Current Market Cap: £2.79B

Learn more about SCT stock on TipRanks’ Stock Analysis page.