Constellation Software (TSE:CSU) Announces Quarterly Earnings Results

Constellation Software (TSE:CSU) issued its quarterly earnings results on Friday. The company reported C$14.25 EPS for the quarter, FiscalAI reports. The business had revenue of C$5 billion for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%.

Constellation Software Stock Up 0.4%

Shares of TSE:CSU traded up C$14.83 during mid-day trading on Friday, hitting C$3,526.52. 57,888 shares of the company traded hands, compared to its average volume of 75,269. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 141.06. The stock has a market cap of C$74.73 billion, a P/E ratio of 77.80, a P/E/G ratio of 2.95 and a beta of 0.82. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$3,570.01. The stock has a 50-day moving average price of C$3,067.39 and a two-hundred day moving average price of C$2,787.45.

Constellation Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, September 18th. Constellation Software’s dividend payout ratio (DPR) is currently 8.82%.

Insider Activity at Constellation Software

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of Constellation Software stock in a transaction dated 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 sale, the insider owned 12,370 shares of the company’s stock, valued at approximately C$39,621,110. The trade was a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of the firm’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 sale, the director owned 143 shares of the company’s stock, valued at approximately C$410,585.89. The trade was a 51.03% decrease in their position. Corporate insiders own 5.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CSU shares. Desjardins raised their target price on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. RBC Dominion Securities set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Raymond James Financial lifted their price objective on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada set a C$4,400.00 target price on shares of Constellation Software and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group boosted 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. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Constellation Software has a consensus rating of “Moderate Buy” and a consensus price target of C$3,931.27.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.