Peter James Ogden Sells 562,284 Shares of Computacenter plc (LON:CCC) Stock

Computacenter plc (LON:CCC) insider Peter James Ogden sold 562,284 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($29.98), for a total value of £13,000,006.08 ($16,859,040.44).

Computacenter Stock Performance

Shares of Computacenter stock opened at GBX 2,272 ($29.46) on Thursday. The stock has a market capitalization of £2.44 billion, a price-to-earnings ratio of 1,514.67, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.40, a current ratio of 1.31 and a quick ratio of 0.95. The business has a 50-day moving average of GBX 2,501.41 and a 200 day moving average of GBX 2,650.26. Computacenter plc has a 12 month low of GBX 2,264 ($29.36) and a 12 month high of GBX 3,004 ($38.96).

Computacenter Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a GBX 23.30 ($0.30) dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 26th. Computacenter’s payout ratio is 4,733.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCC. JPMorgan Chase & Co. dropped their price target on shares of Computacenter from GBX 3,300 ($42.80) to GBX 3,050 ($39.55) and set an “overweight” rating for the company in a research report on Monday, July 29th. Jefferies Financial Group dropped their target price on shares of Computacenter from GBX 3,900 ($50.58) to GBX 3,800 ($49.28) and set a “buy” rating for the company in a report on Monday, July 29th.

Computacenter Company Profile

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.