Insider Selling: Computacenter plc (LON:CCC) Insider Sells 3,515 Shares of Stock

Computacenter plc (LON:CCC - Get Free Report) insider Michael J. Norris sold 3,515 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 2,554 ($33.00), for a total value of £89,773.10 ($115,985.92).

Computacenter Price Performance

LON CCC traded up GBX 22.40 ($0.29) during trading on Tuesday, hitting GBX 2,466.40 ($31.87). 212,452 shares of the stock traded hands, compared to its average volume of 1,703,942. The company has a market capitalization of £2.62 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The firm has a 50-day simple moving average of GBX 2,297.05 and a 200-day simple moving average of GBX 2,282.35. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. Computacenter plc has a 12-month low of GBX 2,020 ($26.10) and a 12-month high of GBX 3,004 ($38.81).

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

Computacenter Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be issued a GBX 474 ($6.12) dividend. This represents a yield of 1.83%. The ex-dividend date is Thursday, June 5th. This is an increase from Computacenter's previous dividend of $23.30. Computacenter's dividend payout ratio (DPR) is 47.51%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,425 ($31.33) price objective on shares of Computacenter in a research note on Tuesday, March 18th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,400 ($43.93) price objective on shares of Computacenter in a research report on Tuesday, December 17th.

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.