Constellation Software (TSE:CSU) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2,661.76 and traded as high as C$2,680.50. Constellation Software shares last traded at C$2,667.24, with a volume of 36,356 shares traded.

Analysts Set New Price Targets

CSU has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce decreased their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. 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 research note on Wednesday, May 13th. Jefferies Financial Group cut their price target on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Royal Bank Of Canada dropped their target price on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Finally, BMO Capital Markets cut their target price on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Constellation Software has a consensus rating of “Moderate Buy” and a consensus target price of C$3,823.50.

Constellation Software Stock Up 4.0%

The firm has a market cap of C$56.52 billion, a P/E ratio of 76.08, a P/E/G ratio of 2.95 and a beta of 0.59. The firm’s fifty day moving average is C$2,791.61 and its 200 day moving average is C$2,661.76. 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 released its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. The firm had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, equities research analysts anticipate 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 the 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 trade represents 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.