Constellation Software (TSE:CSU) Sets New 52-Week High on Analyst Upgrade

Constellation Software Inc. (TSE:CSU)’s share price hit a new 52-week high on Tuesday after BMO Capital Markets raised their price target on the stock from C$4,800.00 to C$4,900.00. The stock traded as high as C$4,480.18 and last traded at C$4,441.00, with a volume of 5121 shares traded. The stock had previously closed at C$4,454.39.

Other equities analysts also recently issued reports about the company. TD Securities increased their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday. Royal Bank of Canada upped 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 note on Monday, July 22nd. Raymond James upped their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday. National Bankshares increased their target price on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, CIBC raised their target price on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Two research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$4,800.00.

Constellation Software Trading Down 0.3 %

The business has a 50 day moving average price of C$4,334.81 and a 200-day moving average price of C$4,099.30. 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 company has a market cap of C$94.10 billion, a P/E ratio of 105.23, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software (TSE:CSU) last posted its earnings results on Friday, August 9th. The company reported C$31.00 EPS for the quarter, beating the consensus estimate of C$29.71 by C$1.29. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. The firm had revenue of C$3.38 billion during the quarter, compared to the consensus estimate of C$3.40 billion. Analysts forecast that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.12%. Constellation Software’s 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.