Constellation Software (TSE:CSU) Upgraded by UBS Group to “Strong-Buy” Rating

UBS Group upgraded shares of Constellation Software (TSE:CSU) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on CSU. CIBC raised their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. TD Securities increased their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. National Bankshares boosted their target price on Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Finally, Raymond James raised their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$4,800.00.

Constellation Software Price Performance

Constellation Software stock opened at C$4,587.90 on Thursday. The stock’s 50 day moving average price is C$4,379.86 and its two-hundred day moving average price is C$4,143.42. The stock has a market capitalization of C$97.22 billion, a price-to-earnings ratio of 108.38, a PEG ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. Constellation Software has a 52-week low of C$3,148.70 and a 52-week high of C$4,669.84.

Constellation Software Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $1.353 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $5.41 annualized dividend and a yield of 0.12%. Constellation Software’s payout ratio is 12.95%.

About Constellation Software

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.