Constellation Software (TSE:CSU) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,683.49 and traded as high as C$2,868.00. Constellation Software shares last traded at C$2,825.42, with a volume of 51,160 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on CSU. Canadian Imperial Bank of Commerce decreased their target price on Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. Jefferies Financial Group dropped their price target on Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. BMO Capital Markets cut their price target on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. UBS Group reduced their price objective on Constellation Software from C$4,500.00 to C$4,250.00 in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada lowered their price objective on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Constellation Software presently has an average rating of “Moderate Buy” and a consensus price target of C$3,823.50.

Constellation Software Stock Performance

The firm has a market cap of C$59.88 billion, a price-to-earnings ratio of 80.59, a PEG ratio of 2.95 and a beta of 0.59. The stock’s fifty day moving average is C$2,770.17 and its two-hundred day moving average is C$2,683.49. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91.

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

Insider Activity at Constellation Software

In other news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software 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 sale, the director owned 1,307 shares of the company’s stock, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. 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.