Constellation Software (TSE:CSU) Hits New 12-Month High at $3,900.00

Constellation Software Inc. (TSE:CSU)’s share price reached a new 52-week high on Thursday . The company traded as high as C$3,900.00 and last traded at C$3,884.72, with a volume of 5740 shares trading hands. The stock had previously closed at C$3,868.23.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. CIBC boosted their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. TD Securities lifted their target price on Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a “hold” rating in a research report on Tuesday, May 14th. BMO Capital Markets increased their price target on Constellation Software from C$4,150.00 to C$4,300.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Raymond James boosted their price target on Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada increased their price objective on Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$4,008.33.

Constellation Software Stock Up 0.4 %

The stock has a market cap of C$83.53 billion, a P/E ratio of 104.28, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80. The firm has a 50 day simple moving average of C$3,751.60 and a 200-day simple moving average of C$3,653.82. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 155.36.

Constellation Software (TSE:CSU) last posted its earnings results on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$23.21 by C$14.00. Constellation Software had a return on equity of 9.53% and a net margin of 6.52%. The business had revenue of C$3.17 billion for the quarter, compared to analyst estimates of C$3.22 billion. On average, equities research analysts forecast that Constellation Software Inc. will post 111.5047198 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be given a $1.378 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.36. This represents a $5.51 annualized dividend and a dividend yield of 0.14%. Constellation Software’s dividend payout ratio is presently 14.47%.

Insider Transactions at Constellation Software

In related news, Senior Officer John Edward Billowits sold 1,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total value of C$3,768,390.00. 5.70% of the stock is currently owned by corporate insiders.

About Constellation Software

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.