Softcat Continues Buyback, Cancels Further 139,610 Shares

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

Softcat has continued its previously announced share buyback programme by repurchasing 139,610 ordinary shares on 28 January 2026 through J.P. Morgan Securities at prices ranging between 1,420p and 1,435p, with a weighted average price of 1,427.6386p per share. The company plans to cancel these shares, reducing its issued share capital to 198,745,628 ordinary shares with voting rights, a move that marginally enhances earnings per share and signals ongoing capital returns to shareholders while providing an updated reference point for regulatory disclosure of major holdings.

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 supplies technology solutions and support to corporate and public sector clients, focusing on areas such as cloud, networking, security and end-user computing across the UK market.

Average Trading Volume: 504,108

Technical Sentiment Signal: Hold

Current Market Cap: £2.82B

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