Computacenter plc (LON:CCC) Insider Sells £75,480.48 in Stock

Computacenter plc (LON:CCC) insider Michael J. Norris sold 2,967 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of GBX 2,544 ($33.86), for a total transaction of £75,480.48 ($100,453.13).

Computacenter Price Performance

Shares of LON CCC opened at GBX 2,568 ($34.18) on Friday. The stock has a fifty day moving average price of GBX 2,399.43 and a 200 day moving average price of GBX 2,265.18. The company has a market cap of £2.73 billion, a PE ratio of 17.18, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. Computacenter plc has a 1-year low of GBX 2,020 ($26.88) and a 1-year high of GBX 3,004 ($39.98).

Computacenter (LON:CCC) last issued its quarterly earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.15) earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. Sell-side analysts forecast that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be paid a GBX 474 ($6.31) dividend. This represents a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from Computacenter’s previous dividend of $23.30. Computacenter’s payout ratio is 47.51%.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and set a GBX 2,425 ($32.27) target price on shares of Computacenter in a research note on Tuesday, March 18th.

Computacenter Company Profile

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.