Constellation Software Inc. (TSE:CSU – Get Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1,985.36 and traded as high as C$2,022.25. Constellation Software shares last traded at C$1,969.89, with a volume of 33,054 shares trading hands.
Analyst Ratings Changes
Several brokerages have recently issued reports on CSU. National Bank Financial upgraded Constellation Software from a “sector perform under weight” rating to an “outperform market weight” rating in a research note on Wednesday, October 19th. Royal Bank of Canada lowered their price target on Constellation Software from C$2,700.00 to C$2,600.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. BMO Capital Markets lifted their price objective on Constellation Software from C$2,400.00 to C$2,450.00 in a research report on Friday, August 5th. Finally, National Bankshares upgraded Constellation Software from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 20th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and a consensus target price of C$2,458.33.
Constellation Software Price Performance
The firm has a market capitalization of C$41.75 billion and a price-to-earnings ratio of 67.37. The company has a debt-to-equity ratio of 131.62, a current ratio of 0.64 and a quick ratio of 0.56. The stock has a 50 day moving average price of C$1,946.32 and a two-hundred day moving average price of C$1,985.36.
Constellation Software (TSE:CSU – Get Rating) last released its earnings results on Thursday, August 4th. The company reported C$15.80 EPS for the quarter, missing the consensus estimate of C$16.61 by C($0.81). The company had revenue of C$2.07 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. As a group, analysts expect that Constellation Software Inc. will post 81.8355822 EPS for the current year.
Constellation Software Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Tuesday, September 20th were paid a dividend of $1.28 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $5.12 annualized dividend and a yield of 0.26%. Constellation Software’s payout ratio is 13.68%.
Insider Buying and Selling
In related news, Director Lawrence Cunningham bought 100 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was purchased at an average cost of C$1,935.00 per share, with a total value of C$193,500.00. Following the purchase, the director now directly owns 1,041 shares of the company’s stock, valued at approximately C$2,014,335.
About Constellation Software
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Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.
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