Constellation Software (TSE:CSU) Sets New 12-Month High on Analyst Upgrade

Constellation Software Inc. (TSE:CSU) reached a new 52-week high during trading on Monday after Royal Bank of Canada raised their price target on the stock from C$4,300.00 to C$4,700.00. Royal Bank of Canada currently has an outperform rating on the stock. Constellation Software traded as high as C$4,272.28 and last traded at C$4,243.49, with a volume of 1479 shares traded. The stock had previously closed at C$4,214.73.

A number of other equities analysts have also issued reports on CSU. TD Securities increased their price target on Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a “hold” rating in a research note on Tuesday, May 14th. BMO Capital Markets lifted their target price on Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$4,075.00.

Insider Activity

In related news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$3,768.39, for a total value of C$3,768,390.00. 5.70% of the stock is currently owned by company insiders.

Constellation Software Stock Down 0.1 %

The business’s 50 day moving average is C$3,900.04 and its 200 day moving average is C$3,760.47. The company has a debt-to-equity ratio of 155.36, a quick ratio of 0.55 and a current ratio of 0.92. The stock has a market cap of C$91.21 billion, a price-to-earnings ratio of 113.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, beating the consensus estimate of C$23.21 by C$14.00. The firm had revenue of C$3.17 billion for the quarter, compared to analyst estimates of C$3.22 billion. Constellation Software had a return on equity of 9.53% and a net margin of 6.52%. Equities analysts expect that Constellation Software Inc. will post 111.5047198 earnings per share for the current year.

Constellation Software Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th were given a $1.378 dividend. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from Constellation Software’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Thursday, June 20th. Constellation Software’s dividend payout ratio is 14.47%.

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.