Constellation Software (TSE:CSU) Cut to “Hold” at National Bank Financial

National Bank Financial downgraded shares of Constellation Software (TSE:CSU) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on CSU. National Bankshares cut Constellation Software from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$5,500.00 to C$4,500.00 in a report on Friday. Royal Bank Of Canada boosted their price objective on Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an “outperform” rating in a report on Monday, August 11th. TD Securities set a C$5,700.00 price objective on Constellation Software and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets dropped their price objective on Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of C$5,450.00.

Constellation Software Price Performance

CSU opened at C$3,660.00 on Thursday. The business has a fifty day moving average of C$4,513.91 and a 200 day moving average of C$4,721.13. Constellation Software has a 52-week low of C$3,390.01 and a 52-week high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. The stock has a market cap of C$77.56 billion, a P/E ratio of 121.03, a PEG ratio of 2.95 and a beta of 0.77.

Constellation Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, October 10th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 19th. Constellation Software’s payout ratio is presently 13.23%.

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.