Constellation Software (TSE:CSU) Price Target Raised to C$4,100.00

Constellation Software (TSE:CSU) had its price target boosted by Desjardins from C$4,000.00 to C$4,100.00 in a research report report published on Tuesday,BayStreet reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. National Bank Financial raised their target price on shares of 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. Raymond James Financial upped their price target on shares of Constellation Software from C$3,500.00 to C$3,800.00 and gave the company a “market perform” rating in a report on Monday. RBC Dominion Securities set a C$4,400.00 price target on shares of Constellation Software and gave the company an “outperform” rating in a report on Friday, October 23rd. Jefferies Financial Group increased their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$4,012.00.

Constellation Software Trading Up 1.2%

Shares of CSU stock opened at C$3,496.88 on Tuesday. Constellation Software has a fifty-two week low of C$2,196.00 and a fifty-two week high of C$3,532.73. The stock has a market cap of C$74.11 billion, a P/E ratio of 76.94, a P/E/G ratio of 2.95 and a beta of 0.82. The business has a fifty day simple moving average of C$3,102.72 and a 200-day simple moving average of C$2,805.51. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 133.36.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Friday, November 6th. The company reported C$14.25 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 24.05% and a net margin of 7.25%. The business had revenue of C$5 billion during the quarter. On average, analysts forecast that Constellation Software will post 55.46 earnings per share for the current fiscal year.

Constellation Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, September 18th. Constellation Software’s dividend payout ratio is currently 8.80%.

Insiders Place Their Bets

In related news, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the completion of 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. Also, insider John Edward Billowits sold 1,200 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at C$39,621,110. The trade was a 8.84% decrease in their position. 5.69% of the stock is owned by company insiders.

About Constellation Software

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol ‘CSU’. Constellation acquires, manages and builds vertical market software businesses.