Raymond James Raises Constellation Software (TSE:CSU) Price Target to C$4,250.00

Constellation Software (TSE:CSU) had its target price raised by Raymond James from C$3,800.00 to C$4,250.00 in a research report report published on Monday, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock. Raymond James also issued estimates for Constellation Software’s Q3 2024 earnings at $28.30 EPS, Q4 2024 earnings at $34.13 EPS, FY2024 earnings at $106.74 EPS and FY2025 earnings at $136.37 EPS.

A number of other equities analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a hold rating in a report on Tuesday, May 14th. Royal Bank of Canada raised their price objective on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an outperform rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets increased their target price on Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an outperform rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Software presently has an average rating of Moderate Buy and an average target price of C$4,150.00.

Constellation Software Trading Up 2.0 %

Shares of Constellation Software stock opened at C$4,178.48 on Monday. Constellation Software has a 12-month low of C$2,585.25 and a 12-month high of C$4,476.50. The stock has a market cap of C$88.54 billion, a price-to-earnings ratio of 110.54, a PEG ratio of 1.04 and a beta of 0.80. 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 fifty day simple moving average of C$4,038.09 and a 200-day simple moving average of C$3,825.00.

Constellation Software Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 20th will be given a $1.381 dividend. The ex-dividend date is Friday, September 20th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from Constellation Software’s previous quarterly dividend of $1.38. Constellation Software’s dividend payout ratio (DPR) is currently 14.47%.

Insider Activity at Constellation Software

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of the company’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 value of C$3,768,390.00. 5.70% of the stock is owned by corporate insiders.

About Constellation Software

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.