Softcat Cancels Latest Tranche of Shares Under Ongoing Buy-Back Programme

Softcat ( (GB:SCT) ) has shared an update.

Softcat has repurchased 96,762 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 ranging between 1,394p and 1,425p and a weighted average of 1,407.5095p. The company intends to cancel these shares, reducing its issued share capital to 199,440,992 ordinary shares with full voting rights and no treasury stock, a move that marginally enhances earnings per share and signals continued capital returns to shareholders while providing an updated denominator for regulatory disclosure of significant holdings 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-listed IT infrastructure and services provider, supplying technology solutions, software licensing and related support to corporate and public sector customers. The company focuses on the UK and Irish markets, positioning itself as a key intermediary between major technology vendors and end-users through value-added reselling and managed services.

Average Trading Volume: 467,705

Technical Sentiment Signal: Hold

Current Market Cap: £2.91B

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