Constellation Software (TSE:CSU) Sets New 1-Year High – What’s Next?

Constellation Software Inc. (TSE:CSU) shares hit a new 52-week high on Wednesday . The company traded as high as C$4,720.55 and last traded at C$4,720.55, with a volume of 2959 shares traded. The stock had previously closed at C$4,679.01.

Analyst Upgrades and Downgrades

CSU has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. CIBC raised their target price on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. UBS Group raised Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. Raymond James lifted their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. Finally, National Bankshares raised their price target on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$4,800.00.

Constellation Software Stock Performance

The stock’s 50-day moving average is C$4,392.76 and its 200-day moving average is C$4,160.48. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The stock has a market cap of C$100.04 billion, a price-to-earnings ratio of 110.54, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a $1.353 dividend. The ex-dividend date is Friday, December 20th. This represents a $5.41 annualized dividend and a yield of 0.11%. Constellation Software’s dividend payout ratio is currently 12.95%.

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.