Constellation Software (TSE:CSU) Reaches New 52-Week Low at $1,800.20

Constellation Software Inc. (TSE:CSU – Get Rating)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$1,800.20 and last traded at C$1,807.22, with a volume of 9136 shares traded. The stock had previously closed at C$1,854.19.

Several research firms recently issued reports on CSU. BMO Capital Markets lowered their price objective on Constellation Software from C$2,500.00 to C$2,400.00 in a research report on Thursday, May 5th. Royal Bank of Canada lowered their price objective on Constellation Software from C$2,800.00 to C$2,700.00 and set an “outperform” rating on the stock in a research report on Thursday, May 5th. Raymond James set a C$2,400.00 price objective on Constellation Software and gave the company a “market perform” rating in a research report on Thursday, May 5th. Finally, CIBC lowered their price objective on Constellation Software from C$2,900.00 to C$2,450.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Software presently has an average rating of “Hold” and an average price target of C$2,414.29.

The firm has a fifty day moving average price of C$2,014.72 and a two-hundred day moving average price of C$2,110.34. The stock has a market capitalization of C$38.49 billion and a P/E ratio of 73.08. The company has a debt-to-equity ratio of 95.97, a quick ratio of 0.71 and a current ratio of 0.79.

Constellation Software (TSE:CSU – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported C$16.38 earnings per share for the quarter, beating the consensus estimate of C$14.48 by C$1.90. The firm had revenue of C$1.81 billion for the quarter, compared to the consensus estimate of C$1.73 billion. On average, research analysts anticipate that Constellation Software Inc. will post 82.9800022 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Monday, June 20th will be issued a dividend of $1.286 per share. This represents a $5.14 annualized dividend and a dividend yield of 0.28%. This is a boost from Constellation Software’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 17th. Constellation Software’s dividend payout ratio is presently 16.00%.

Constellation Software Company Profile (TSE:CSU)

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.

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