Constellation Software (TSE:CSU) Stock Passes Above 200-Day Moving Average of $3,418.61

Constellation Software Inc. (TSE:CSU)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3,418.61 and traded as high as C$3,670.00. Constellation Software shares last traded at C$3,635.00, with a volume of 29,621 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Securities raised their target price on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets raised their price target on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. CIBC raised their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Raymond James raised their price target on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$3,966.67.

Constellation Software Stock Down 0.5 %

The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 187.76. The firm has a market cap of C$77.03 billion, a PE ratio of 99.51, a P/E/G ratio of 1.04 and a beta of 0.79. The business’s 50-day simple moving average is C$3,708.91 and its 200 day simple moving average is C$3,422.60.

Constellation Software (TSE:CSU) last posted its earnings results on Wednesday, March 6th. The company reported C$21.21 EPS for the quarter, missing analysts’ consensus estimates of C$24.21 by C($3.00). The business had revenue of C$3.16 billion for the quarter, compared to analysts’ expectations of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. As a group, equities research analysts expect that Constellation Software Inc. will post 111.7535101 earnings per share for the current year.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $1.358 per share. This represents a $5.43 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Wednesday, March 27th. Constellation Software’s dividend payout ratio (DPR) is 14.84%.

Insider Buying and Selling at Constellation Software

In other news, Director Claire Marie Catherine Kennedy purchased 15 shares of the stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the acquisition, the director now owns 67 shares of the company’s stock, valued at C$253,737.71. In other news, Senior Officer John Edward Billowits sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. Also, Director Claire Marie Catherine Kennedy purchased 15 shares of the stock in a transaction dated Friday, March 22nd. The stock was purchased at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the acquisition, the director now directly owns 67 shares in the company, valued at approximately C$253,737.71. Insiders own 4.65% of the company’s stock.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.