Computacenter (LON:CCC) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Computacenter plc (LON:CCC - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,273.25 ($30.84) and traded as high as GBX 2,540 ($34.46). Computacenter shares last traded at GBX 2,529.70 ($34.32), with a volume of 122,450 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 2,425 ($32.90) price objective on shares of Computacenter in a report on Tuesday, March 18th.

Computacenter Stock Up 2.2%

The business has a 50-day moving average of GBX 2,419.83 and a 200-day moving average of GBX 2,280.84. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock has a market capitalization of £2.72 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 161.50 ($2.19) earnings per share (EPS) for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. On average, sell-side analysts expect that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

The firm 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 ($6.43) per share. This represents a dividend yield of 1.83%. This is an increase from Computacenter's previous dividend of $23.30. The ex-dividend date of this dividend is Thursday, June 5th. Computacenter's dividend payout ratio (DPR) is presently 47.51%.

Insider Buying and Selling

In other Computacenter news, insider Michael J. Norris sold 1,571 shares of Computacenter stock in a transaction dated Monday, March 31st. The stock was sold at an average price of GBX 2,432 ($33.00), for a total value of £38,206.72 ($51,840.87). In the last ninety days, insiders sold 125,276 shares of company stock valued at $309,652,394. 36.41% of the stock is currently owned by 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.