Constellation Software Inc. (TSE:CSU) Announces Dividend Increase – $1.38 Per Share

Constellation Software Inc. (TSE:CSU) announced a quarterly dividend on Friday, September 20th, Zacks reports. Investors of record on Thursday, October 10th will be given a dividend of 1.381 per share on Thursday, October 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.38.

Constellation Software Price Performance

TSE:CSU opened at C$4,313.86 on Wednesday. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The stock’s 50-day simple moving average is C$4,226.38 and its 200 day simple moving average is C$3,919.34. The company has a market cap of C$91.41 billion, a P/E ratio of 104.07, a P/E/G ratio of 1.04 and a beta of 0.81. Constellation Software has a 52-week low of C$2,665.01 and a 52-week high of C$4,476.50.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Friday, August 9th. The company reported C$31.00 earnings per share for the quarter, topping analysts’ consensus estimates of C$29.71 by C$1.29. The firm had revenue of C$3.38 billion for the quarter, compared to the consensus estimate of C$3.40 billion. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. As a group, sell-side analysts forecast that Constellation Software will post 134.6 EPS for the current fiscal year.

Insider Transactions at Constellation Software

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. Corporate insiders own 5.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. CIBC boosted their price target on 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. Royal Bank of Canada boosted their price target on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Raymond James boosted their price target on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and an average target price of C$4,275.00.

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.