Insider Selling: Computacenter plc (LON:CCC) Insider Sells 1,571 Shares of Stock

Computacenter plc (LON:CCC - Get Free Report) insider Michael J. Norris sold 1,571 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 2,432 ($31.35), for a total value of £38,206.72 ($49,248.16).

Computacenter Stock Down 6.7 %

Computacenter stock traded down GBX 152 ($1.96) during midday trading on Monday, hitting GBX 2,122 ($27.35). 453,657 shares of the company were exchanged, compared to its average volume of 1,776,607. The company has a market cap of £2.25 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. Computacenter plc has a fifty-two week low of GBX 2,020 ($26.04) and a fifty-two week high of GBX 3,004 ($38.72). The company's fifty day moving average price is GBX 2,322.92 and its 200-day moving average price is GBX 2,281.57. 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 (LON:CCC - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.08) EPS for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. On average, research analysts predict that Computacenter plc will post 187.5 EPS for the current fiscal year.

Computacenter Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.11) per share. This represents a dividend yield of 1.83%. This is a positive change from Computacenter's previous dividend of $23.30. The ex-dividend date of this dividend is Thursday, June 5th. Computacenter's payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of research firms recently commented on CCC. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,425 ($31.26) price objective on shares of Computacenter in a research note on Tuesday, March 18th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,400 ($43.83) price target on shares of Computacenter in a research note 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.