Softcat Cancels Newly Repurchased Shares as Buy-Back Programme Progresses

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

Softcat has continued to execute its previously announced share buy-back programme, repurchasing 166,500 ordinary shares on 3 February 2026 via J.P. Morgan Securities at prices between 1,380p and 1,449p, with a weighted average price of about 1,415.48p per share. The company plans to cancel these shares, reducing its issued share capital to 198,152,453 ordinary shares with voting rights and no treasury shares, a move that marginally enhances earnings per share and underscores management’s ongoing capital-return strategy for shareholders within the framework of UK market disclosure 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, specialising in the supply of software, hardware and related services to corporate and public sector customers. It operates within the technology solutions and IT resale industry, serving a broad range of organisations that require end-to-end IT procurement, deployment and support.

Average Trading Volume: 548,741

Technical Sentiment Signal: Hold

Current Market Cap: £2.83B

For an in-depth examination of SCT stock, go to TipRanks’ Overview page.