Constellation Software (TSE:CSU) Stock Crosses Above 200 Day Moving Average of $3,418.61

Shares of Constellation Software Inc. (TSE:CSU) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3,418.61 and traded as high as C$3,670.00. Constellation Software shares last traded at C$3,635.00, with a volume of 29,621 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CSU shares. TD Securities raised their target price on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a report on Thursday, March 7th. Raymond James raised their price target on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. BMO Capital Markets raised their price target on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, CIBC raised their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$3,966.67.

Constellation Software Trading Down 0.5 %

The firm has a market capitalization of C$77.03 billion, a price-to-earnings ratio of 99.51, a P/E/G ratio of 1.04 and a beta of 0.79. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 187.76. The firm’s 50-day moving average is C$3,708.91 and its 200 day moving average is C$3,418.61.

Constellation Software (TSE:CSU) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$21.21 earnings per share for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The company had revenue of C$3.16 billion during the quarter, compared to the consensus estimate of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. On average, equities analysts predict that Constellation Software Inc. will post 111.7535101 earnings per share for the current fiscal year.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $1.358 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.43 annualized dividend and a dividend yield of 0.15%. Constellation Software’s dividend payout ratio is currently 14.84%.

Insider Activity

In other news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. In related news, Director Claire Marie Catherine Kennedy acquired 15 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the purchase, the director now directly owns 67 shares of the company’s stock, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. 4.65% of the stock is currently owned by company insiders.

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.