CIBC Cuts Constellation Software (TSE:CSU) Price Target to C$4,668.00

Constellation Software (TSE:CSU) had its target price reduced by CIBC from C$5,260.00 to C$4,668.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research firms also recently issued reports on CSU. Royal Bank Of Canada set a C$5,600.00 target price on shares of Constellation Software and gave the company an “outperform” rating in a research report on Wednesday, January 7th. National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. BMO Capital Markets reduced their target price on Constellation Software from C$5,400.00 to C$4,600.00 in a research note on Monday, November 10th. Desjardins raised Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, TD Securities cut their price target on Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$4,781.14.

Constellation Software Stock Down 2.6%

Shares of Constellation Software stock opened at C$2,844.99 on Friday. The stock’s 50-day moving average is C$3,284.60 and its 200 day moving average is C$3,959.83. Constellation Software has a one year low of C$2,800.00 and a one year high of C$5,300.00. The firm has a market cap of C$60.29 billion, a price-to-earnings ratio of 87.81, a PEG ratio of 2.95 and a beta of 0.43. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software (TSE:CSU) last issued its earnings results on Friday, November 7th. The company reported C$9.89 earnings per share for the quarter. The business had revenue of C$4.10 billion during the quarter. Constellation Software had a return on equity of 27.34% and a net margin of 6.57%. Equities research analysts anticipate that Constellation Software will post 55.4616354 EPS for the current year.

Constellation Software Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Barry Alan Symons sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the completion of the sale, the insider owned 57,000 shares in the company, valued at C$188,342,250. This represents a 4.20% decrease in their position. Company insiders own 5.69% of the company’s stock.

Constellation Software Company Profile

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.