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

Computacenter plc (LON:CCC) insider Michael J. Norris sold 3,515 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 2,554 ($33.02), for a total transaction of £89,773.10 ($116,075.90).

Computacenter Trading Down 0.3 %

Shares of CCC stock opened at GBX 2,482 ($32.09) on Monday. The company has a market cap of £2.63 billion, a P/E ratio of 16.61, a PEG ratio of 6.99 and a beta of 0.71. Computacenter plc has a fifty-two week low of GBX 2,020 ($26.12) and a fifty-two week high of GBX 3,004 ($38.84). The stock has a 50 day simple moving average of GBX 2,290.04 and a two-hundred day simple moving average of GBX 2,282.21. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31.

Computacenter (LON:CCC) last posted 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 net margin of 2.64% and a return on equity of 17.61%. Research analysts forecast that Computacenter plc will post 187.5 earnings per share for the current year.

Computacenter Increases Dividend

The company 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 ($6.13) 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 dividend payout ratio is presently 47.51%.

Analyst Ratings Changes

CCC has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,400 ($43.96) target price on shares of Computacenter in a report on Tuesday, December 17th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,425 ($31.36) price objective on shares of Computacenter in a research report 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.