Royal Bank Of Canada Analysts Give Constellation Software (TSE:CSU) a C$5,600.00 Price Target

Royal Bank Of Canada set a C$5,600.00 target price on Constellation Software (TSE:CSU) in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a report on Monday, November 10th. CIBC reduced their price target on shares of Constellation Software from C$5,480.00 to C$5,260.00 in a research note on Monday, December 15th. National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. TD Securities dropped their target price on shares of Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. Finally, Raymond James Financial cut their target price on Constellation Software from C$5,250.00 to C$4,300.00 in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$4,865.71.

Constellation Software Price Performance

Constellation Software stock opened at C$3,324.75 on Wednesday. The company has a 50-day moving average price of C$3,326.86 and a 200 day moving average price of C$4,039.68. Constellation Software has a 12-month low of C$3,123.70 and a 12-month high of C$5,300.00. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The stock has a market cap of C$70.46 billion, a P/E ratio of 102.62, a PEG ratio of 2.95 and a beta of 0.43.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Friday, November 7th. The company reported C$9.89 EPS for the quarter. The firm had revenue of C$4.10 billion for the quarter. Constellation Software had a net margin of 6.57% and a return on equity of 27.34%. Sell-side analysts anticipate that Constellation Software will post 55.4616354 earnings per share for the current year.

Constellation Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, January 12th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, December 19th. Constellation Software’s payout ratio is presently 12.35%.

Insiders Place Their Bets

In other news, insider Barry Alan Symons sold 2,500 shares of Constellation Software stock in a transaction dated Monday, November 17th. The stock was sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the completion of the transaction, the insider owned 57,000 shares in the company, valued at approximately C$188,342,250. This trade represents a 4.20% decrease in their position. 5.69% of the stock is currently owned by company insiders.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.