Insider Selling: Computacenter plc (LON:CCC) Insider Sells 562,284 Shares of Stock

Computacenter plc (LON:CCC) insider Peter James Ogden sold 562,284 shares of Computacenter stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($29.98), for a total value of £13,000,006.08 ($16,859,040.44).

Computacenter Price Performance

Shares of CCC opened at GBX 2,190 ($28.40) on Friday. The firm has a fifty day simple moving average of GBX 2,501.41 and a two-hundred day simple moving average of GBX 2,650.26. The firm has a market cap of £2.35 billion, a PE ratio of 1,460.00, a P/E/G ratio of 6.99 and a beta of 0.71. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.40. Computacenter plc has a 1-year low of GBX 2,172 ($28.17) and a 1-year high of GBX 3,004 ($38.96).

Computacenter Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of GBX 23.30 ($0.30) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 26th. Computacenter’s dividend payout ratio (DPR) is presently 4,733.33%.

Wall Street Analysts Forecast Growth

CCC has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on Computacenter from GBX 3,900 ($50.58) to GBX 3,800 ($49.28) and set a “buy” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of Computacenter from GBX 3,300 ($42.80) to GBX 3,050 ($39.55) and set an “overweight” rating on the stock in a research note on Monday, July 29th.

About Computacenter

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.