Michael J. Norris Sells 1,571 Shares of Computacenter plc (LON:CCC) Stock

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

Computacenter Price Performance

Shares of LON:CCC opened at GBX 2,274 ($29.33) on Friday. The company has a market cap of £2.41 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 6.99 and a beta of 0.71. Computacenter plc has a one year low of GBX 2,020 ($26.06) and a one year high of GBX 3,004 ($38.75). The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The firm 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 announced its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.08) EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. Research analysts predict that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Computacenter Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be issued a dividend of GBX 474 ($6.11) per share. This is an increase from Computacenter’s previous dividend of $23.30. This represents a yield of 1.83%. The ex-dividend date is Thursday, June 5th. Computacenter’s dividend payout ratio (DPR) is presently 47.51%.

Analysts Set New Price Targets

CCC has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,400 ($43.86) price target on shares of Computacenter in a research report on Tuesday, December 17th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,425 ($31.28) 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.