Constellation Software (TSE:CSU) Reaches New 12-Month High – Here’s What Happened

Constellation Software Inc. (TSE:CSU) hit a new 52-week high during trading on Thursday. The stock traded as high as C$3,479.60 and last traded at C$3,449.45, with a volume of 20,934 shares traded. The stock had previously closed at C$3,465.98.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Desjardins boosted their price target on shares of 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. Raymond James Financial boosted their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada set a C$4,400.00 price target on shares of Constellation Software and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, RBC Dominion Securities set a C$4,400.00 price objective on shares of Constellation Software and gave the company an “outperform” rating in a research report on Friday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Constellation Software currently has a consensus rating of “Moderate Buy” and a consensus target price of C$3,931.27.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 141.06, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market capitalization of C$74.42 billion, a P/E ratio of 77.47, a P/E/G ratio of 2.95 and a beta of 0.72. The firm’s 50 day simple moving average is C$3,058.56 and its two-hundred day simple moving average is C$2,784.12.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The firm had revenue of C$4.74 billion for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. As a group, analysts predict that Constellation Software Inc. will post 55.46 earnings per share for the current year.

Constellation Software Announces Dividend

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

Insider Activity at Constellation Software

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was 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 in the company, 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 business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the completion of the sale, the director owned 143 shares of the company’s stock, valued at C$410,585.89. The trade was a 51.03% decrease in their position. 5.69% of the stock is owned by company insiders.

Constellation Software Company Profile

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.