Computacenter (LON:CCC) Posts Quarterly Earnings Results

Computacenter (LON:CCC) released its quarterly earnings data on Tuesday. The company reported GBX 103 earnings per share for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 1.70% and a return on equity of 21.78%.

Computacenter Stock Down 1.3%

CCC stock opened at GBX 5,125 on Thursday. The stock has a market capitalization of £5.38 billion, a P/E ratio of 35.22, a P/E/G ratio of 6.99 and a beta of 0.95. The firm has a 50-day simple moving average of GBX 4,893.92 and a 200-day simple moving average of GBX 4,071.33. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 20.49. Computacenter has a 52 week low of GBX 2,242 and a 52 week high of GBX 6,045.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a report on Monday. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,500 target price on shares of Computacenter in a research note on Tuesday. Finally, Berenberg Bank boosted their price target on Computacenter from GBX 5,300 to GBX 6,500 and gave the company a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Computacenter has a consensus rating of “Buy” and a consensus price target of GBX 5,675.

Insider Activity at Computacenter

In other news, insider Keith Mortimer sold 181 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Also, insider Kelly Kuhn purchased 1,035 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average price of GBX 4,836 per share, with a total value of £50,052.60. 43.80% 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.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.