Constellation Software (TSE:CSU) Price Target Raised to C$4,100.00

Constellation Software (TSE:CSU) had its price objective raised by Canaccord Genuity Group from C$3,700.00 to C$4,100.00 in a research report report published on Tuesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

CSU has been the subject of a number of other reports. Desjardins lifted their price objective on Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James Financial upped their target price on shares of Constellation Software from C$3,500.00 to C$3,800.00 and gave the stock a “market perform” rating in a report on Monday. RBC Dominion Securities set a C$4,400.00 target price on shares of Constellation Software and gave the stock an “outperform” rating in a report on Friday, October 23rd. Jefferies Financial Group increased their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Finally, TD lifted their price target on shares of Constellation Software from C$4,200.00 to C$4,500.00 and gave the company a “buy” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4,012.00.

Constellation Software Price Performance

Constellation Software stock opened at C$3,496.88 on Tuesday. The business has a 50 day simple moving average of C$3,102.72 and a 200 day simple moving average of C$2,805.51. The company has a debt-to-equity ratio of 133.36, a current ratio of 0.91 and a quick ratio of 0.55. The company has a market capitalization of C$74.11 billion, a PE ratio of 76.94, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. Constellation Software has a one year low of C$2,196.00 and a one year high of C$3,532.73.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Friday, November 6th. The company reported C$14.25 earnings per share for the quarter. Constellation Software had a return on equity of 24.05% and a net margin of 7.25%. The firm had revenue of C$5 billion for the quarter. On average, sell-side analysts forecast that Constellation Software will post 55.46 EPS for the current fiscal year.

Constellation Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 18th. Constellation Software’s dividend payout ratio is 8.80%.

Insider Buying and Selling

In related news, insider John Edward Billowits sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at C$39,621,110. This trade represents a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the completion of the transaction, the director owned 143 shares of the company’s stock, valued at C$410,585.89. This trade represents a 51.03% decrease in their position. Company insiders own 5.69% of the company’s stock.

About Constellation Software

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol ‘CSU’. Constellation acquires, manages and builds vertical market software businesses.