Computacenter plc (LON:CCC) Insider Michael J. Norris Sells 3,515 Shares

Computacenter plc (LON:CCC) insider Michael J. Norris sold 3,515 shares of Computacenter stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,554 ($33.07), for a total transaction of £89,773.10 ($116,226.18).

Computacenter Price Performance

Shares of CCC stock traded up GBX 8.01 ($0.10) during trading hours on Friday, hitting GBX 2,498.01 ($32.34). The company’s stock had a trading volume of 24,222 shares, compared to its average volume of 1,750,413. The business has a fifty day moving average of GBX 2,282.24 and a 200-day moving average of GBX 2,281.70. The stock has a market cap of £2.65 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. Computacenter plc has a twelve month low of GBX 2,020 ($26.15) and a twelve month high of GBX 3,004 ($38.89).

Computacenter (LON:CCC) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.09) earnings per share for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. As a group, equities research analysts anticipate that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be given a GBX 474 ($6.14) dividend. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, June 5th. This is a positive change from Computacenter’s previous dividend of $23.30. Computacenter’s payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCC shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,425 ($31.40) price objective on shares of Computacenter in a report on Tuesday, March 18th. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,400 ($44.02) price target on shares of Computacenter in a research report on Tuesday, December 17th.

About Computacenter

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.