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Softcat Cancels New Tranche of Shares Under Ongoing Buyback Programme

Story Highlights
  • Softcat repurchased 84,850 shares on 14 January 2026 under its ongoing London-listed buyback programme.
  • The repurchased shares will be cancelled, reducing issued capital to about 199.8 million shares and slightly enhancing shareholder value metrics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Softcat Cancels New Tranche of Shares Under Ongoing Buyback Programme

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

Softcat plc has repurchased 84,850 of its ordinary shares on the London Stock Exchange on 14 January 2026, at prices ranging between 1,444p and 1,474p per share, as part of the share buyback programme launched earlier in January. The shares, bought through J.P. Morgan Securities, will be cancelled, reducing the company’s issued share capital to 199,807,728 ordinary shares with voting rights, a move that marginally enhances earnings per share and signals ongoing capital-return commitments to shareholders while clarifying the new base for regulatory disclosure thresholds.

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 and related support to corporate and public sector customers. The company focuses on software licensing, cloud, networking and security offerings, positioning itself as a key intermediary between major technology vendors and end-users in the UK market.

Average Trading Volume: 463,222

Technical Sentiment Signal: Hold

Current Market Cap: £2.96B

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

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