Constellation Software (TSE:CSU) Sets New 52-Week High – Still a Buy?

Constellation Software Inc. (TSE:CSU)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4,916.38 and last traded at C$4,902.64, with a volume of 31499 shares traded. The stock had previously closed at C$4,800.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. UBS Group raised Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. CIBC increased their price target on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. National Bankshares boosted their price objective on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Raymond James increased their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The firm has a market capitalization of C$104.01 billion, a PE ratio of 115.96, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The business’s 50 day moving average is C$4,557.11 and its two-hundred day moving average is C$4,409.60.

Constellation Software (TSE:CSU) last posted its quarterly earnings data on Friday, November 8th. The company reported C$27.69 earnings per share for the quarter, missing the consensus estimate of C$27.98 by C($0.29). Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. During the same quarter in the previous year, the firm posted $29.83 EPS. As a group, research analysts anticipate that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a dividend of $1.353 per share. The ex-dividend date was Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.11%. Constellation Software’s payout ratio is 12.95%.

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.