Softcat Cancels Newly Repurchased Shares Under Ongoing Buy-Back Programme

Softcat ( (GB:SCT) ) just unveiled an update.

Softcat plc has continued executing its previously announced share buy-back programme, repurchasing 96,508 ordinary shares on 21 January 2026 via J.P. Morgan Securities at prices ranging between 1,385p and 1,407p, with a weighted average price of 1,398.9805p. The company intends to cancel these shares, reducing its issued share capital to 199,344,484 ordinary shares with voting rights and leaving no shares held in treasury, a move that marginally enhances earnings per share and signals ongoing commitment to returning capital to shareholders while slightly increasing existing investors’ relative ownership stakes.

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. The company focuses on supplying businesses and public sector organisations with software, hardware, security, and cloud solutions, positioning itself as a key player in the UK corporate and public IT markets.

Average Trading Volume: 468,015

Technical Sentiment Signal: Hold

Current Market Cap: £2.83B

Find detailed analytics on SCT stock on TipRanks’ Stock Analysis page.