Softcat stock falls 1.84 percent as GDT deal reshapes growth

Softcat stock fell 1.84 percent to GBp 1,813 on September 24, 2026, leaving the shares 15.04 percent below their 52-week high of GBp 2,134. The move follows the company acquisition of GDT and a large equity issue to help fund its expansion into the United States.

GDT changes the growth profile

Investegate reported on September 17, 2026 that Softcat had agreed to acquire GDT, a US-based IT solutions provider. The transaction gives Softcat a larger transatlantic platform while adding exposure to enterprise networking, data center and cybersecurity services.

The acquisition also changed the near-term earnings framework. According to TradingView, Softcat raised its FY2026 underlying operating profit growth guidance from mid-teens to high-teens and expects preliminary results on October 14, 2026.

Half-year figures support the deal

For the six months ended January 31, 2026, gross profit increased 22.6 percent to GBP 269.9 million, while underlying operating profit rose 27.3 percent to GBP 93.8 million, according to UK Investor Magazine.

The reported growth provides a useful benchmark for the acquisition strategy. Softcat is entering the transaction with double-digit half-year operating profit growth, while management expects the GDT deal to deliver high-single-digit to low-double-digit underlying earnings-per-share accretion in its first full fiscal year.

Equity issue sets a reference price

Softcat raised GBP 354 million through an equity issue priced at GBp 1,890 per share, according to Investegate. The current market price is GBp 77 below that issue price, highlighting the immediate dilution and funding trade-off surrounding the US expansion.

Stock remains below yearly high

Softcat stock was trading at GBp 1,813 on the London Stock Exchange on September 24, 2026, down 1.84 percent for the session. The gap to the GBp 2,134 yearly high keeps the acquisition execution and the October 14 results date central to the market narrative.