Softcat Cancels 206,900 Shares in Ongoing Buy-Back Programme

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

Softcat has repurchased 206,900 ordinary shares on the London Stock Exchange as part of the share buy-back programme it launched in early January, paying a weighted average price of 1,160.4280 pence and using J.P. Morgan Securities as its broker. The company will cancel the shares, reducing its issued share capital to 196,891,394 ordinary shares with voting rights, a move that marginally enhances earnings per share and may signal continued confidence in the business to investors.

The reduction in the free float slightly increases existing shareholders’ proportional ownership and provides a new reference figure for regulatory disclosure thresholds under the FCA’s rules. The transaction underscores Softcat’s ongoing capital-return policy, aligning it with peers that use buy-backs to optimise balance sheets and manage capital efficiently in a mature, cash-generative phase of growth.

The most recent analyst rating on (GB:SCT) stock is a Hold with a £1238.00 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, hardware, security and cloud solutions primarily to corporate and public-sector customers. Listed on the London Stock Exchange, it has an established position in the UK technology services market and is a constituent of major UK equity indices.

Average Trading Volume: 636,413

Technical Sentiment Signal: Sell

Current Market Cap: £2.25B

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