Softcat Cancels 180,900 Shares in Ongoing Buyback Programme

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

Softcat has continued its previously announced share buyback programme, repurchasing 180,900 ordinary shares on 9 February 2026 via J.P. Morgan Securities at prices between 1,151p and 1,195p, with a weighted average price of 1,167.8047p. The company plans to cancel these shares, reducing its issued share capital to 197,487,513 ordinary shares with voting rights, a move that marginally enhances earnings per share and may signal confidence in the company’s valuation to investors while providing an updated share count for regulatory disclosure thresholds.

The most recent analyst rating on (GB:SCT) stock is a Hold with a £1260.00 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 technology solutions, software licensing and related support to corporate and public-sector customers. Listed on the London Stock Exchange, the company focuses on enabling organisations to design, procure and manage their IT environments efficiently.

Average Trading Volume: 587,136

Technical Sentiment Signal: Sell

Current Market Cap: £2.3B

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