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 company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of GBX 2,554 ($33.06), for a total transaction of £89,773.10 ($116,196.09).

Computacenter Stock Performance

Shares of CCC opened at GBX 2,482 ($32.13) on Friday. The company has a market capitalization of £2.63 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. Computacenter plc has a 52-week low of GBX 2,020 ($26.15) and a 52-week high of GBX 3,004 ($38.88). The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. The stock has a 50 day moving average price of GBX 2,290.04 and a 200 day moving average price of GBX 2,283.11.

Computacenter (LON:CCC) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.09) EPS for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. Research analysts predict that Computacenter plc will post 187.5 EPS for the current fiscal year.

Computacenter Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be paid a dividend of GBX 474 ($6.14) per share. This represents a yield of 1.83%. The ex-dividend date is Thursday, June 5th. This is an increase from Computacenter’s previous dividend of $23.30. Computacenter’s dividend payout ratio (DPR) is currently 47.51%.

Wall Street Analyst Weigh In

CCC has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,400 ($44.01) price objective on shares of Computacenter in a research report on Tuesday, December 17th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($31.39) price objective on shares of Computacenter in a report on Tuesday, March 18th.

About Computacenter

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.