Constellation Software Inc. (TSE:CSU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Constellation Software Inc. (TSE:CSU) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, 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 12-month price target among brokerages that have issued a report on the stock in the last year is C$4,008.33.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets boosted their price target on Constellation Software from C$4,150.00 to C$4,300.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Raymond James increased their price objective on Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. TD Securities lifted their price objective on Constellation Software from C$4,050.00 to C$4,150.00 and gave the stock a “hold” rating in a research report on Tuesday, May 14th. Finally, CIBC upped their target price on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a report on Thursday, March 7th.

Constellation Software Stock Up 1.8 %

Shares of TSE:CSU opened at C$4,043.02 on Thursday. The firm has a market capitalization of C$85.67 billion, a PE ratio of 106.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80. The company has a debt-to-equity ratio of 155.36, a quick ratio of 0.55 and a current ratio of 0.92. Constellation Software has a 52-week low of C$2,585.25 and a 52-week high of C$4,058.32. The firm has a fifty day moving average of C$3,761.64 and a 200 day moving average of C$3,667.87.

Constellation Software (TSE:CSU) last issued its quarterly earnings results on Friday, May 10th. The company reported C$37.21 EPS for the quarter, beating analysts’ consensus estimates of C$23.21 by C$14.00. Constellation Software had a net margin of 6.52% and a return on equity of 9.53%. The business had revenue of C$3.17 billion for the quarter, compared to analysts’ expectations of C$3.22 billion. As a group, research analysts anticipate that Constellation Software will post 111.5047198 EPS for the current fiscal year.

Constellation Software Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, July 11th will be paid a dividend of $1.378 per share. This is a boost from Constellation Software’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.14%. Constellation Software’s payout ratio is 14.47%.

Insider Transactions at Constellation Software

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total value of C$3,768,390.00. Corporate insiders own 5.70% of the company’s stock.

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.