Constellation Software (TSE:CSU) Sets New 52-Week High – Here’s What Happened

Constellation Software Inc. (TSE:CSU) hit a new 52-week high on Friday . The company traded as high as C$4,442.39 and last traded at C$4,439.97, with a volume of 3859 shares. The stock had previously closed at C$4,431.07.

Analysts Set New Price Targets

A number of analysts have issued reports on CSU shares. Royal Bank of Canada raised their target price on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. CIBC raised their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Raymond James lifted their target price on shares of Constellation Software from C$3,800.00 to C$4,250.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Constellation Software currently has a consensus rating of “Moderate Buy” and an average price target of C$4,275.00.

Constellation Software Price Performance

The firm has a market capitalization of C$93.93 billion, a P/E ratio of 104.75, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. 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 50 day moving average price of C$4,302.72 and a 200-day moving average price of C$4,012.14.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, August 9th. The company reported C$31.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of C$3.40 billion. On average, analysts expect that Constellation Software Inc. will post 55.4616354 earnings per share for the current year.

Constellation Software Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were given a $1.381 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Constellation Software’s previous quarterly dividend of $1.38. Constellation Software’s payout ratio is presently 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.