Insider Selling: Constellation Software (TSE:CSU) Insider Sells C$8,260,625.00 in Stock

Constellation Software Inc. (TSE:CSU) insider Barry Alan Symons sold 2,500 shares of Constellation Software stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total transaction of C$8,260,625.00. Following the sale, the insider owned 57,000 shares in the company, valued at approximately C$188,342,250. This trade represents a 4.20% decrease in their ownership of the stock.

Constellation Software Stock Performance

TSE:CSU opened at C$3,336.00 on Tuesday. The firm has a market capitalization of C$70.70 billion, a PE ratio of 102.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.47. 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 Inc. has a 12-month low of C$3,155.60 and a 12-month high of C$5,300.00. The firm has a 50-day moving average price of C$3,513.31 and a 200 day moving average price of C$4,240.68.

Constellation Software (TSE:CSU) last released its quarterly earnings data on Friday, November 7th. The company reported C$9.89 earnings per share for the quarter. The company had revenue of C$4.10 billion for the quarter. Constellation Software had a return on equity of 27.34% and a net margin of 6.57%. Research analysts anticipate that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, January 12th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, December 19th. Constellation Software’s dividend payout ratio is currently 12.35%.

Wall Street Analysts Forecast Growth

CSU has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price objective on Constellation Software from C$6,000.00 to C$5,600.00 in a report on Monday, November 10th. CIBC cut their price target on shares of Constellation Software from C$5,480.00 to C$5,260.00 in a report on Monday. National Bankshares cut shares of Constellation Software from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$5,500.00 to C$4,500.00 in a research note on Friday, September 26th. Jefferies Financial Group dropped their price objective on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a report on Monday, November 10th. Finally, Desjardins raised Constellation Software to a “moderate buy” rating in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$4,865.71.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.