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Softcat ( (GB:SCT) ) just unveiled an update.
Softcat cancelled 152,300 shares bought back on 4 February at a 1,286p average, continuing the January buyback mandate via J.P. Morgan to shrink its float. The move trims outstanding stock to 198 million shares, offering investors increased per-share ownership and reinforcing the company’s capital-return strategy.
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, cloud, security, and hybrid infrastructure solutions to enterprises and public-sector clients across Britain.
Average Trading Volume: 567,284
Technical Sentiment Signal: Sell
Current Market Cap: £2.85B
For an in-depth examination of SCT stock, go to TipRanks’ Overview page.