Constellation Software (TSE:CSU) Given New C$4,668.00 Price Target at CIBC

Constellation Software (TSE:CSU) had its price objective cut by CIBC from C$5,260.00 to C$4,668.00 in a research report sent to investors on Friday,BayStreet.CA reports.

CSU has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a research note on Monday, November 10th. Raymond James Financial dropped their target price on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a report on Monday, November 10th. National Bank Financial downgraded Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Jefferies Financial Group dropped their price objective on Constellation Software from C$5,850.00 to C$4,500.00 in a report on Monday, November 10th. Finally, TD Securities decreased their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$4,781.14.

Constellation Software Price Performance

CSU stock opened at C$2,844.99 on Friday. The stock has a market cap of C$60.29 billion, a PE ratio of 87.81, a P/E/G ratio of 2.95 and a beta of 0.43. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55. Constellation Software has a one year low of C$2,800.00 and a one year high of C$5,300.00. The firm has a 50 day simple moving average of C$3,284.60 and a two-hundred day simple moving average of C$3,974.04.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$9.89 earnings per share (EPS) for the quarter. The company had revenue of C$4.10 billion during the quarter. Constellation Software had a net margin of 6.57% and a return on equity of 27.34%. On average, analysts predict that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Constellation Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, January 12th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, December 19th. Constellation Software’s payout ratio is 12.35%.

Insider Buying and Selling at Constellation Software

In related news, insider Barry Alan Symons sold 2,500 shares of the stock in a transaction dated Monday, November 17th. The shares were 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 directly owned 57,000 shares in the company, valued at C$188,342,250. This trade represents a 4.20% decrease in their position. 5.69% of the stock is owned by corporate insiders.

Constellation Software Company Profile

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.