Constellation Software (TSE:CSU) Stock Passes Above 200-Day Moving Average of $2,339.97

Constellation Software Inc. (TSE:CSU – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2,339.97 and traded as high as C$2,666.06. Constellation Software shares last traded at C$2,637.98, with a volume of 25,817 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSU. National Bankshares upped their price objective on shares of Constellation Software from C$2,750.00 to C$3,000.00 in a research note on Friday, April 21st. Raymond James raised their price target on Constellation Software from C$2,500.00 to C$2,750.00 and gave the company a “market perform” rating in a report on Tuesday, May 16th. Royal Bank of Canada raised their target price on Constellation Software from C$3,000.00 to C$3,100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 16th. CIBC raised their price objective on Constellation Software from C$2,407.32 to C$2,450.00 in a research report on Thursday, March 30th. Finally, BMO Capital Markets raised their price objective on Constellation Software from C$2,800.00 to C$2,950.00 in a research note on Tuesday, May 16th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$2,850.00.

Constellation Software Trading Up 1.5 %

The company has a 50 day moving average of C$2,580.54 and a 200 day moving average of C$2,339.97. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 128.90. The firm has a market cap of C$55.90 billion, a price-to-earnings ratio of 78.58, a price-to-earnings-growth ratio of 1.04 and a beta of 0.89.

Constellation Software (TSE:CSU – Get Rating) last released its quarterly earnings data on Wednesday, March 29th. The company reported C$18.49 EPS for the quarter, beating analysts’ consensus estimates of C$18.05 by C$0.44. Constellation Software had a return on equity of 20.45% and a net margin of 7.15%. The business had revenue of C$2.51 billion during the quarter, compared to the consensus estimate of C$2.40 billion. As a group, research analysts anticipate that Constellation Software Inc. will post 83.5177509 EPS for the current year.

Constellation Software Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Tuesday, June 20th will be given a dividend of $1.355 per share. The ex-dividend date is Monday, June 19th. This is a boost from Constellation Software’s previous quarterly dividend of $1.00. This represents a $5.42 annualized dividend and a yield of 0.21%. Constellation Software’s dividend payout ratio is 16.15%.

About Constellation Software

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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.