Softcat Cancels 56,402 Shares Under Ongoing Buy-Back Programme

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

Softcat has repurchased 56,402 of its ordinary shares on the London Stock Exchange via J.P. Morgan Securities as part of the share buy-back programme launched on 8 January 2026, at prices between 1,465p and 1,473p per share and a weighted average price of 1,471.1620p. The company plans to cancel these shares, reducing its issued share capital to 200,053,009 ordinary shares with voting rights and no treasury shares, a move that marginally enhances earnings per share and clarifies the denominator investors should use for regulatory disclosure thresholds under the FCA’s 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, hardware, security, cloud and related IT solutions primarily to corporate and public sector clients. Listed on the London Stock Exchange, the company focuses on delivering technology solutions and support to organisations across the UK and increasingly in selected international markets.

Average Trading Volume: 431,483

Technical Sentiment Signal: Hold

Current Market Cap: £2.79B

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