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Softcat ( (GB:SCT) ) has provided an announcement.
Softcat has continued to execute its previously announced share buyback programme, repurchasing 50,943 ordinary shares on 13 February 2026 via J.P. Morgan Securities at prices between 1,134p and 1,150p, with a weighted average price of 1,142.4895p. The company plans to cancel these shares, reducing its issued share capital to 196,840,451 ordinary shares with voting rights and leaving no shares held in treasury, a move that marginally enhances earnings per share and signals ongoing capital return to shareholders.
The updated share count provides a new reference point for investors calculating ownership thresholds and disclosure obligations under UK transparency rules. This incremental reduction in share capital forms part of Softcat’s broader capital management strategy, reinforcing its commitment to shareholder returns while potentially supporting the share price in the secondary market.
The most recent analyst rating on (GB:SCT) stock is a Hold with a £1238.00 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 software, hardware, cloud and related technology solutions to corporate and public sector clients, positioning itself as a key player in the UK IT resale and services market.
Average Trading Volume: 646,629
Technical Sentiment Signal: Sell
Current Market Cap: £2.24B
Find detailed analytics on SCT stock on TipRanks’ Stock Analysis page.