Constellation Software (TSE:CSU) Director Sells C$427,813.27 in Stock

Constellation Software Inc. (TSE:CSU) Director Jamal Nizam Baksh sold 149 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the sale, the director owned 143 shares in the company, valued at approximately C$410,585.89. This trade represents a 51.03% decrease in their position.

Constellation Software Stock Performance

Shares of CSU opened at C$2,981.21 on Monday. The stock has a 50-day simple moving average of C$2,999.48 and a 200-day simple moving average of C$2,773.36. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market capitalization of C$63.18 billion, a PE ratio of 65.77, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software Inc. has a 1 year low of C$2,196.00 and a 1 year high of C$4,110.00.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%.The business had revenue of C$4.74 billion during the quarter. On average, analysts predict that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, October 9th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, September 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. Constellation Software’s payout ratio is presently 8.82%.

Analysts Set New Price Targets

CSU has been the subject of a number of recent analyst reports. Raymond James Financial lifted their price target on Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada set a C$4,400.00 target price on Constellation Software and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Desjardins boosted their target price on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. National Bank Financial upped their price target on Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group raised their price objective on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$3,884.40.

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.