Insider Selling: Computacenter plc (LON:CCC) Insider Sells £38,206.72 in Stock

Computacenter plc (LON:CCC) insider Michael J. Norris sold 1,571 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 2,432 ($31.37), for a total transaction of £38,206.72 ($49,286.27).

Computacenter Stock Performance

Shares of CCC stock opened at GBX 2,274 ($29.33) on Friday. The firm has a market capitalization of £2.41 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth 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 12-month low of GBX 2,020 ($26.06) and a 12-month high of GBX 3,004 ($38.75). The business has a 50 day simple moving average of GBX 2,322.92 and a 200 day simple moving average of GBX 2,282.56.

Computacenter (LON:CCC) last issued its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.08) earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. On average, equities research analysts anticipate that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CCC shares. Berenberg Bank restated a “hold” rating and issued a GBX 2,425 ($31.28) price target on shares of Computacenter in a research report on Tuesday, March 18th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,400 ($43.86) price objective 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.