Constellation Software (TSE:CSU) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2,707.06 and traded as high as C$2,829.26. Constellation Software shares last traded at C$2,788.32, with a volume of 41,429 shares traded.

Analyst Ratings Changes

CSU has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Raymond James Financial cut their price objective on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Desjardins reduced their price objective on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. BMO Capital Markets reduced their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, TD increased their target price on Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$3,823.50.

Constellation Software Stock Up 2.4%

The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The firm has a market capitalization of C$59.38 billion, a P/E ratio of 79.92, a P/E/G ratio of 2.95 and a beta of 0.59. The company’s 50-day simple moving average is C$2,746.69 and its two-hundred day simple moving average is C$2,703.25.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.42 billion during the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, research analysts expect that Constellation Software Inc. will post 55.4616354 earnings per share for the current year.

Insiders Place Their Bets

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the completion of the sale, the director owned 1,307 shares of the company’s stock, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. Company 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.