Constellation Software (TSE:CSU) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,001.39 and traded as high as C$4,428.29. Constellation Software shares last traded at C$4,416.24, with a volume of 28,410 shares trading hands.

Wall Street Analyst Weigh In

CSU has been the topic of several recent analyst reports. Raymond James boosted their target price on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. CIBC lifted their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada increased their target price 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 note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$4,275.00.

Constellation Software Trading Up 0.0 %

The company’s 50-day moving average is C$4,295.39 and its 200 day moving average is C$4,009.21. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The firm has a market cap of C$93.44 billion, a PE ratio of 104.18, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Friday, August 9th. The company reported C$31.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$29.71 by C$1.29. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. The business had revenue of C$3.38 billion during the quarter, compared to analyst estimates of C$3.40 billion. As a group, sell-side analysts predict that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were paid a $1.381 dividend. The ex-dividend date was Friday, September 20th. This is an increase from Constellation Software’s previous quarterly dividend of $1.38. This represents a $5.52 dividend on an annualized basis and a dividend yield of 0.13%. Constellation Software’s dividend payout ratio is 12.95%.

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.