Analysts Set Constellation Software Inc. (TSE:CSU) PT at C$3,966.67

Constellation Software Inc. (TSE:CSU) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$3,966.67.

A number of research analysts have weighed in on CSU shares. Royal Bank of Canada raised their price target on Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. TD Securities raised their price target on Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. CIBC raised their price target on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Raymond James raised their price target on Constellation Software from C$3,150.00 to C$3,800.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets raised their price target on Constellation Software from C$3,600.00 to C$4,150.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Constellation Software Stock Down 1.0 %

Shares of Constellation Software stock opened at C$3,661.67 on Friday. The business’s 50 day simple moving average is C$3,708.95 and its 200 day simple moving average is C$3,389.66. Constellation Software has a 52-week low of C$2,499.99 and a 52-week high of C$3,856.00. The firm has a market cap of C$77.59 billion, a PE ratio of 100.24, a P/E/G ratio of 1.04 and a beta of 0.79. The company has a debt-to-equity ratio of 187.76, a quick ratio of 0.55 and a current ratio of 0.61.

Constellation Software (TSE:CSU) last announced its earnings results on Wednesday, March 6th. The company reported C$21.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$24.21 by C($3.00). The firm had revenue of C$3.16 billion during the quarter, compared to analyst estimates of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. On average, analysts predict that Constellation Software will post 111.7535101 earnings per share for the current fiscal year.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $1.358 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 annualized dividend and a dividend yield of 0.15%. Constellation Software’s dividend payout ratio is currently 14.84%.

Insider Transactions at Constellation Software

In other news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. In other news, Director Claire Marie Catherine Kennedy purchased 15 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of C$3,787.13 per share, with a total value of C$56,806.95. Following the acquisition, the director now owns 67 shares in the company, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. 4.65% of the stock is currently owned by corporate insiders.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.