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

Computacenter plc (LON:CCC - Get Free Report)'s stock price crossed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 2,425 ($32.81) target price on shares of Computacenter in a report on Tuesday, March 18th.

Computacenter Stock Up 0.1%

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's fifty day simple moving average is GBX 2,430.77 and its two-hundred day simple moving average is GBX 2,304.54. The company has a market capitalization of £2.75 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 6.99 and a beta of 0.71.

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

Computacenter Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.41) per share. This represents a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Computacenter's previous dividend of $23.30. Computacenter's dividend payout ratio is 47.51%.

Insider Transactions at Computacenter

In related news, insider Michael J. Norris sold 117,223 shares of Computacenter stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of GBX 2,468 ($33.39), for a total value of £2,893,063.64 ($3,913,776.57). Insiders sold a total of 125,276 shares of company stock valued at $309,652,394 in the last three months. 36.41% of the stock is currently owned by corporate insiders.

Computacenter Company Profile

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.

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