Constellation Software (TSE:CSU) Hits New 12-Month Low – Here’s Why

Constellation Software Inc. (TSE:CSU) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$3,078.00 and last traded at C$3,085.03, with a volume of 26691 shares trading hands. The stock had previously closed at C$3,210.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$5,600.00 price target on Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Jefferies Financial Group cut their price objective on Constellation Software from C$5,850.00 to C$4,500.00 in a research note on Monday, November 10th. TD Securities reduced their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. Finally, Raymond James Financial lowered their price target on Constellation Software from C$5,250.00 to C$4,300.00 in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$4,781.14.

Constellation Software Stock Performance

The stock has a market cap of C$60.29 billion, a P/E ratio of 87.81, a P/E/G ratio of 2.95 and a beta of 0.43. The firm has a 50 day moving average of C$3,295.41 and a two-hundred day moving average of C$3,988.96. 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 (TSE:CSU) last issued its quarterly earnings results on Friday, November 7th. The company reported C$9.89 EPS for the quarter. The company had revenue of C$4.10 billion during the quarter. Constellation Software had a return on equity of 27.34% and a net margin of 6.57%. On average, research analysts predict that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, January 12th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, December 19th. Constellation Software’s dividend payout ratio (DPR) is currently 12.35%.

Insider Activity

In other news, insider Barry Alan Symons sold 2,500 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total transaction of C$8,260,625.00. Following the completion of the transaction, the insider owned 57,000 shares of the company’s stock, valued at approximately C$188,342,250. This represents a 4.20% decrease in their ownership of the stock. Insiders own 5.69% of the company’s stock.

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.