Constellation Software (TSE:CSU) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4,722.60 and traded as high as C$4,940.45. Constellation Software shares last traded at C$4,904.26, with a volume of 21,750 shares.

Analyst Ratings Changes

CSU has been the topic of several analyst reports. Jefferies Financial Group upped their target price on Constellation Software from C$5,350.00 to C$5,850.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. CIBC boosted their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th. TD Securities lifted their price objective on shares of Constellation Software from C$5,500.00 to C$5,600.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Royal Bank of Canada set a C$5.70 target price on shares of Constellation Software and gave the company an “outperform” rating in a research note on Friday, March 21st. Finally, Raymond James upped their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Constellation Software presently has an average rating of “Buy” and an average target price of C$4,693.67.

Constellation Software Price Performance

The stock has a market capitalization of C$74.11 billion, a price-to-earnings ratio of 116.53, a P/E/G ratio of 2.95 and a beta of 0.81. The company’s 50-day simple moving average is C$4,842.85 and its 200-day simple moving average is C$4,722.60. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Friday, March 28th. Constellation Software’s payout ratio is 13.02%.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.