Constellation Software (TSE:CSU) Hits New 52-Week High – Still a Buy?

Constellation Software Inc. (TSE:CSU) reached a new 52-week high on Wednesday . The company traded as high as C$5,000.00 and last traded at C$4,998.00, with a volume of 6496 shares changing hands. The stock had previously closed at C$4,900.01.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CSU shares. UBS Group raised Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Raymond James lifted their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. TD Securities boosted their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. BMO Capital Markets increased their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. Finally, CIBC boosted their price target on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Performance

The stock has a market cap of C$75.35 billion, a price-to-earnings ratio of 118.48, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm has a fifty day simple moving average of C$4,613.84 and a 200-day simple moving average of C$4,473.74.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a dividend of $1.353 per share. The ex-dividend date was Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.11%. Constellation Software’s payout ratio is presently 13.02%.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.