Constellation Software (TSE:CSU) Sets New 1-Year High – Time to Buy?

Constellation Software Inc. (TSE:CSU) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$4,720.55 and last traded at C$4,720.55, with a volume of 2959 shares changing hands. The stock had previously closed at C$4,679.01.

Wall Street Analysts Forecast Growth

CSU has been the subject of several research reports. CIBC increased their price objective 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. TD Securities increased their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Raymond James increased their price target on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets increased their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Price Performance

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 capitalization of C$99.59 billion, a PE ratio of 111.03, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The stock’s 50-day moving average is C$4,409.78 and its two-hundred day moving average is C$4,171.14.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $1.353 dividend. This represents a $5.41 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is currently 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.