Constellation Software (TSE:CSU) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,355.89 and traded as high as C$4,442.75. Constellation Software shares last traded at C$4,361.61, with a volume of 6,254 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. CIBC raised their price objective on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. National Bankshares raised their price target on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Raymond James raised their target price on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Finally, UBS Group upgraded Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. Two equities research 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. According to MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of C$4,875.00.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The stock’s fifty day simple moving average is C$4,519.39 and its 200-day simple moving average is C$4,360.98. The company has a market capitalization of C$95.36 billion, a P/E ratio of 106.31, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, November 8th. The company reported C$27.69 earnings per share for the quarter, missing the consensus estimate of C$27.98 by C($0.29). Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. During the same period in the prior year, the company posted $29.83 EPS. On average, equities analysts forecast that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a dividend of $1.353 per share. This represents a $5.41 annualized dividend and a yield of 0.12%. The ex-dividend date was Friday, December 20th. Constellation Software’s payout ratio is currently 12.95%.

Constellation Software Company Profile

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.