Constellation Software (TSE:CSU) Price Target Raised to C$4,700.00

Constellation Software (TSE:CSU) had its target price lifted by Royal Bank of Canada from C$4,300.00 to C$4,700.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the stock. TD Securities raised their price target on shares of 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 increased their price objective on shares of Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Software presently has an average rating of Moderate Buy and a consensus target price of C$4,075.00.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at C$4,304.21 on Monday. The company has a 50 day moving average of C$3,913.03 and a 200-day moving average of C$3,764.28. Constellation Software has a 1-year low of C$2,585.25 and a 1-year high of C$4,375.28. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 155.36. The company has a market cap of C$91.21 billion, a PE ratio of 113.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Friday, May 10th. The company reported C$37.21 EPS for the quarter, beating the consensus estimate of C$23.21 by C$14.00. The business had revenue of C$3.17 billion during the quarter, compared to the consensus estimate of C$3.22 billion. Constellation Software had a net margin of 6.52% and a return on equity of 9.53%. As a group, equities research analysts forecast that Constellation Software will post 111.5047198 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th were issued a dividend of $1.378 per share. This is a boost from Constellation Software’s previous quarterly dividend of $1.36. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, June 20th. Constellation Software’s dividend payout ratio (DPR) is currently 14.47%.

Insider Activity at Constellation Software

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

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.