Softcat Cancels 169,440 Shares Under Ongoing Buy-Back Programme

The latest update is out from Softcat ( (GB:SCT) ).

Softcat has repurchased 169,440 of its ordinary shares on the London Stock Exchange, at prices ranging between 1,163p and 1,202p per share and a weighted average price of 1,178.5986p, as part of the share buy-back programme initiated in January 2026. The company plans to cancel these shares, reducing its issued share capital to 197,668,413 ordinary shares with voting rights, a move that marginally enhances earnings per share and may signal management’s confidence in the business while resetting the share count for regulatory disclosure calculations under FCA rules.

The most recent analyst rating on (GB:SCT) stock is a Hold with a £1348.00 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 listed on the London Stock Exchange. The company focuses on supplying technology solutions, including software, hardware and related services, primarily to corporate and public sector customers in the UK and Ireland.

Average Trading Volume: 570,323

Technical Sentiment Signal: Sell

Current Market Cap: £2.46B

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