Constellation Software (TSE:CSU) Reaches New 1-Year Low – Here’s What Happened

Constellation Software Inc. (TSE:CSU) shares hit a new 52-week low on Monday . The stock traded as low as C$0.50 and last traded at C$4,941.25, with a volume of 10194 shares. The stock had previously closed at C$4,986.97.

Analyst Upgrades and Downgrades

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

Constellation Software Stock Down 2.5 %

The stock has a fifty day moving average price of C$4,643.27 and a 200-day moving average price of C$4,492.63. The firm has a market cap of C$73.47 billion, a PE ratio of 115.52, a PEG ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93.

Constellation Software Cuts Dividend

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

Constellation Software Company Profile

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.