Constellation Software (TSE:CSU) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Constellation Software Inc. (TSE:CSU)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4,453.18 and traded as high as C$4,923.17. Constellation Software shares last traded at C$4,870.33, with a volume of 31,511 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. TD Securities raised their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. Raymond James raised their target price on Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. CIBC raised their target price on Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets raised their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Performance

The company has a market capitalization of C$73.14 billion, a P/E ratio of 115.00, a PEG ratio of 2.95 and a beta of 0.81. The stock has a fifty day simple moving average of C$4,603.89 and a 200-day simple moving average of C$4,455.86. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued 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 dividend yield of 0.11%. Constellation Software’s payout ratio is presently 13.02%.

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.