Softcat Continues Share Buy-Back, Cuts Share Count to 199.2m

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

Softcat plc has continued to execute its previously announced share buy-back programme, repurchasing 105,623 ordinary shares on 22 January 2026 through J.P. Morgan Securities at prices between 1,396p and 1,425p, with a weighted average price of 1,411.5961p. The company intends to cancel these shares, reducing its issued share capital to 199,238,861 ordinary shares with voting rights and no treasury shares, a move that marginally enhances earnings per share and signals ongoing capital-return discipline to shareholders within the UK IT services sector.

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, serving corporate and public sector customers with technology solutions and support.

Average Trading Volume: 474,067

Technical Sentiment Signal: Hold

Current Market Cap: £2.79B

Learn more about SCT stock on TipRanks’ Stock Analysis page.