Raymond James Financial Issues Positive Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its price target upped by equities research analysts at Raymond James Financial from C$3,200.00 to C$3,500.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 16.19% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada decreased their price target on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets cut their target price on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. TD raised their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce lowered their price target on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. Finally, Jefferies Financial Group dropped their price target 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. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,863.50.

Constellation Software Trading Down 6.5%

TSE:CSU traded down C$208.40 during trading hours on Wednesday, hitting C$3,012.21. 38,807 shares of the stock were exchanged, compared to its average volume of 81,398. The company has a market capitalization of C$63.83 billion, a P/E ratio of 85.92, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18. The company’s 50 day moving average is C$2,878.51 and its two-hundred day moving average is C$2,662.75. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$4,712.00.

Constellation Software (TSE:CSU) last released its earnings results on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. The company had revenue of C$4.74 billion during the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%. On average, sell-side analysts anticipate that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the transaction, the director owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. This trade represents a 17.90% decrease in their position. 5.69% of the stock is owned by corporate insiders.

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.