Softcat Cancels 162,300 Shares Under Ongoing Buy-Back Programme

Softcat ( (GB:SCT) ) has shared an update.

Softcat plc has repurchased 162,300 of its ordinary shares on the London Stock Exchange on 5 February 2026 through J.P. Morgan Securities as part of its ongoing share buy-back programme announced in early January. The shares were bought at prices ranging between 1,205p and 1,266p, with a weighted average price of 1,238.2809p, and the company intends to cancel them, reducing its issued share capital to 197,837,853 ordinary shares with voting rights and leaving no shares held in treasury. The move marginally enhances earnings per share and signals continued capital-return discipline to investors, while also updating the free float and denominator used by shareholders to assess disclosure thresholds under UK 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-based IT infrastructure and services provider, supplying software licensing, cloud, security, and related technology solutions primarily to corporate and public-sector clients. Listed on the London Stock Exchange, the company focuses on delivering end-to-end IT services to organisations across the UK and increasingly to international customers, positioning itself as a key player in the enterprise technology and digital transformation market.

Average Trading Volume: 578,499

Technical Sentiment Signal: Sell

Current Market Cap: £2.47B

For a thorough assessment of SCT stock, go to TipRanks’ Stock Analysis page.