Computacenter (LON:CCC) Stock Price Passes Above 200-Day Moving Average - What's Next?

Computacenter plc (LON:CCC - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,288.61 ($30.79) and traded as high as GBX 2,622 ($35.28). Computacenter shares last traded at GBX 2,594 ($34.90), with a volume of 106,411 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 2,425 ($32.63) price target on shares of Computacenter in a research note on Tuesday, March 18th.

Computacenter Stock Up 0.4%

The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47. The business has a 50-day moving average price of GBX 2,418.07 and a 200-day moving average price of GBX 2,290.78. The firm has a market cap of £2.76 billion, a P/E ratio of 17.42, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.17) 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, equities analysts forecast 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. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.38) per share. The ex-dividend date is Thursday, June 5th. This represents a yield of 1.83%. This is a boost from Computacenter's previous dividend of $23.30. Computacenter's payout ratio is currently 47.51%.

Insiders Place Their Bets

In related 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 ($32.72), for a total value of £38,206.72 ($51,408.40). In the last 90 days, insiders sold 125,276 shares of company stock valued at $309,652,394. 36.41% of the stock is 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.