Analysts Set Constellation Software Inc. (TSE:CSU) PT at C$3,966.67

Shares of Constellation Software Inc. (TSE:CSU) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$3,966.67.

Several research analysts have recently weighed in on CSU shares. 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 note on Thursday, March 7th. CIBC raised their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. TD Securities boosted their price objective on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a report on Thursday, March 7th. Royal Bank of Canada increased their price objective on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets lifted their target price on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th.

Constellation Software Stock Up 0.2 %

CSU stock opened at C$3,590.00 on Friday. The business has a 50 day moving average of C$3,708.47 and a 200 day moving average of C$3,373.10. The firm has a market cap of C$76.07 billion, a PE ratio of 98.28, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79. Constellation Software has a twelve month low of C$2,499.99 and a twelve month high of C$3,856.00. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 187.76.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$21.21 EPS for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The firm had revenue of C$3.16 billion for the quarter, compared to analysts’ expectations of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. On average, research analysts forecast that Constellation Software will post 111.7535101 EPS for the current fiscal year.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $1.358 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 annualized dividend and a dividend yield of 0.15%. Constellation Software’s dividend payout ratio (DPR) is 14.84%.

Insider Activity at Constellation Software

In related news, Director Claire Marie Catherine Kennedy acquired 15 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the purchase, the director now owns 67 shares in the company, valued at approximately C$253,737.71. In other news, Director Claire Marie Catherine Kennedy bought 15 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the purchase, the director now owns 67 shares in the company, valued at C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total value of C$3,762,900.00. 4.65% of the stock is owned by company 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.