Constellation Software (TSE:CSU) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4,316.30 and traded as high as C$4,471.10. Constellation Software shares last traded at C$4,458.44, with a volume of 22,213 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. CIBC upped their target price on Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group raised Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. National Bankshares lifted their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. Finally, TD Securities lifted their price target on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Performance

The company has a 50-day moving average price of C$4,517.48 and a two-hundred day moving average price of C$4,321.11. The company has a market capitalization of C$94.47 billion, a PE ratio of 105.33, a PEG ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, January 10th will be given a dividend of $1.353 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.12%. Constellation Software’s dividend payout ratio (DPR) is 12.95%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.