Jamal Nizam Baksh Sells 285 Shares of Constellation Software (TSE:CSU) Stock

Constellation Software Inc. (TSE:CSU) Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the completion of the sale, the director directly owned 1,307 shares in the company, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their position.

Constellation Software Stock Performance

Shares of TSE CSU opened at C$2,868.91 on Thursday. The stock has a 50 day moving average price of C$2,693.69 and a 200 day moving average price of C$2,745.32. Constellation Software Inc. has a 52 week low of C$2,196.00 and a 52 week high of C$5,060.70. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91. The stock has a market capitalization of C$60.80 billion, a PE ratio of 81.83, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53.

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

Constellation Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th 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 was Friday, March 27th. Constellation Software’s payout ratio is presently 11.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CSU shares. UBS Group decreased their price objective on shares of Constellation Software from C$4,500.00 to C$4,250.00 in a research report on Tuesday, March 31st. National Bank Financial raised shares of Constellation Software from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$3,400.00 to C$3,500.00 in a report on Wednesday, May 27th. Royal Bank Of Canada cut their target price on shares of 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. TD Securities lifted their price target on Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Desjardins lowered their price target on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and an average price target of C$3,823.50.

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.