Softcat Cancels 162,200 Shares as Buyback Programme Progresses

Softcat ( (GB:SCT) ) has issued an announcement.

Softcat plc has continued its recently announced share buyback programme by repurchasing 162,200 ordinary shares on 2 February 2026 via J.P. Morgan Securities at prices between 1,429p and 1,452p, with a weighted average price of 1,442.8131p. The company intends to cancel these shares, reducing its issued share capital to 198,303,438 ordinary shares with voting rights and no treasury shares, a move that marginally increases earnings per share and may signal confidence in the company’s valuation while providing clarity for investors’ disclosure calculations under FCA transparency rules.

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 that supplies software licensing, hardware and cloud solutions to corporate and public-sector customers, with its shares traded on the London Stock Exchange.

Average Trading Volume: 536,156

Technical Sentiment Signal: Hold

Current Market Cap: £2.83B

See more data about SCT stock on TipRanks’ Stock Analysis page.