Computacenter (LON:CCC) Shares Cross Above Two Hundred Day Moving Average Following Insider Selling

Computacenter plc (LON:CCC) crossed above its two hundred day moving average during trading on Tuesday after an insider bought additional shares in the company. The stock has a two hundred day moving average of GBX 2,261.35 ($30.10) and traded as high as GBX 2,576 ($34.28). Computacenter shares last traded at GBX 2,567.97 ($34.18), with a volume of 59,210 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($32.27) target price on shares of Computacenter in a report on Tuesday, March 18th.

Computacenter Stock Performance

The stock has a market capitalization of £2.73 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. 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’s 50-day simple moving average is GBX 2,392.15 and its 200 day simple moving average is GBX 2,261.35.

Computacenter (LON:CCC) last issued its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.15) EPS for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. Analysts expect 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. Investors of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.31) per share. This represents a yield of 1.83%. This is a positive change from Computacenter’s previous dividend of $23.30. The ex-dividend date is Thursday, June 5th. Computacenter’s dividend payout ratio (DPR) is currently 47.51%.

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.