Constellation Software (TSE:CSU) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Constellation Software Inc. (TSE:CSU) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2,729.11 and traded as low as C$2,669.99. Constellation Software shares last traded at C$2,670.00, with a volume of 78,119 shares trading hands.

Wall Street Analysts Forecast Growth

CSU has been the subject of a number of analyst reports. Raymond James Financial dropped their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating for the company in a report on Wednesday, May 13th. National Bank Financial raised Constellation Software from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. BMO Capital Markets dropped their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. TD lifted their price objective on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, UBS Group reduced their target price on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and a consensus price target of C$3,823.50.

Constellation Software Price Performance

The business’s 50 day moving average price is C$2,705.94 and its two-hundred day moving average price is C$2,729.11. The stock has a market cap of C$56.58 billion, a P/E ratio of 76.16, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 143.18.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. The company had revenue of C$4.42 billion for the quarter. As a group, sell-side analysts expect that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Software

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the transaction, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their position. Company insiders own 5.69% of the company’s stock.

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.