Constellation Software (TSE:CSU) Price Target Cut to C$5,300.00 by Analysts at TD Securities

Constellation Software (TSE:CSU) had its price objective lowered by TD Securities from C$5,700.00 to C$5,300.00 in a research report report published on Monday morning,BayStreet.CA reports.

CSU has been the topic of several other reports. Royal Bank Of Canada decreased their target price on shares of Constellation Software from C$6,000.00 to C$5,600.00 in a research report on Monday. Raymond James Financial reduced their price objective on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research note on Monday. Desjardins raised shares of Constellation Software to a “moderate buy” rating in a report on Thursday, October 30th. CIBC increased their target price on shares of Constellation Software from C$5,450.00 to C$5,480.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, BMO Capital Markets reduced their price target on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Constellation Software presently has a consensus rating of “Moderate Buy” and an average target price of C$4,897.14.

Constellation Software Stock Down 2.4%

Constellation Software stock opened at C$3,304.88 on Monday. The stock’s 50 day moving average price is C$3,966.68 and its 200 day moving average price is C$4,533.89. Constellation Software has a 1-year low of C$3,183.37 and a 1-year high of C$5,300.00. The company has a market cap of C$70.04 billion, a PE ratio of 109.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 10th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, September 19th. Constellation Software’s dividend payout ratio is presently 13.23%.

Insiders Place Their Bets

In other Constellation Software news, insider Mark Robert Miller bought 275 shares of the business’s stock in a transaction on Friday, September 26th. The stock was bought at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the completion of the transaction, the insider owned 11,753 shares in the company, valued at approximately C$43,428,980.42. The trade was a 2.40% increase in their position. Company insiders own 5.69% of the company’s stock.

About Constellation Software

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.