Constellation Software (TSE:CSU) Stock Passes Above 200 Day Moving Average – Here’s Why

Constellation Software Inc. (TSE:CSU)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2,779.93 and traded as high as C$3,051.21. Constellation Software shares last traded at C$2,924.00, with a volume of 73,035 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James Financial dropped their price objective on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. BMO Capital Markets decreased their target price on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada reduced their price objective on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. National Bank Financial upgraded Constellation Software from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. Finally, UBS Group reduced their price target on Constellation Software from C$4,500.00 to C$4,250.00 in a research report on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3,823.50.

Constellation Software Stock Performance

The business has a 50-day moving average of C$2,626.92 and a 200 day moving average of C$2,779.93. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The company has a market cap of C$61.97 billion, a PE ratio of 83.40, a PEG ratio of 2.95 and a beta of 0.53.

Constellation Software (TSE:CSU) last posted its earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The company had revenue of C$4.42 billion for the quarter. Equities research analysts anticipate that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $1.00 per share. The ex-dividend date was Friday, March 27th. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. Constellation Software’s dividend payout ratio is 11.41%.

About Constellation Software

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.