Computacenter (LON:CCC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Computacenter plc (LON:CCC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,304.54 ($31.18) and traded as high as GBX 2,644 ($35.77). Computacenter shares last traded at GBX 2,592 ($35.06), with a volume of 60,548 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,425 ($32.81) price objective on shares of Computacenter in a research note on Tuesday, March 18th.

Computacenter Stock Up 0.1%

The firm has a 50-day moving average of GBX 2,430.77 and a two-hundred day moving average of GBX 2,304.54. The stock has a market capitalization of £2.75 billion, a price-to-earnings ratio of 17.34, 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.

Computacenter (LON:CCC) last released its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.18) earnings per share for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current year.

Computacenter Increases Dividend

The business also recently disclosed 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 ($6.41) per share. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Computacenter’s previous dividend of $23.30. This represents a yield of 1.83%. Computacenter’s payout ratio is presently 47.51%.

Insider Buying and Selling at Computacenter

In related news, insider Michael J. Norris sold 1,571 shares of Computacenter stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 2,432 ($32.90), for a total transaction of £38,206.72 ($51,686.58). In the last quarter, insiders have sold 125,276 shares of company stock worth $309,652,394. 36.41% of the stock is currently owned by company insiders.

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.