Softcat Cancels 92,600 Shares After Latest Buy-Back Purchase

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

Softcat plc has continued to execute its previously announced share buy-back programme, purchasing 92,600 ordinary shares on 19 January 2026 through J.P. Morgan Securities at prices ranging between 1,416p and 1,450p, with a weighted average of 1,429.5206p. The company intends to cancel these shares, reducing its issued share capital to 199,537,754 ordinary shares with full voting rights and no treasury shares, a move that marginally enhances earnings per share and signals ongoing capital return to shareholders, while also providing an updated share count for investors calculating disclosure thresholds under FCA 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, listed on the London Stock Exchange. The company focuses on supplying technology solutions, including software, hardware and related services, to corporate and public sector clients across the UK, positioning itself as a key player in the country’s IT reseller and services market.

Average Trading Volume: 461,666

Technical Sentiment Signal: Hold

Current Market Cap: £2.91B

For a thorough assessment of SCT stock, go to TipRanks’ Stock Analysis page.