Softcat Cancels 42,867 Shares After Launching New Buy-Back Programme

An announcement from Softcat ( (GB:SCT) ) is now available.

Softcat plc has continued its capital management strategy by repurchasing 42,867 of its ordinary shares on 8 January 2026 through J.P. Morgan Securities as part of a newly announced share buy-back programme, at prices ranging between 1,437p and 1,464p and a weighted average of 1,456.063p. The company intends to cancel these shares, reducing its issued share capital to 200,109,411 ordinary shares with full voting rights, a move that marginally increases existing shareholders’ proportional ownership and may signal management’s confidence in the company’s valuation and cash-generative capacity.

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 technology solutions such as software, hardware, cloud, and networking products to corporate and public sector customers. Listed on the London Stock Exchange, the company focuses on delivering end-to-end IT services and support, underpinned by strong cash generation and active capital management policies.

Average Trading Volume: 423,910

Technical Sentiment Signal: Hold

Current Market Cap: £2.77B

For detailed information about SCT stock, go to TipRanks’ Stock Analysis page.