Constellation Software Inc. (TSE:CSU) to Issue Quarterly Dividend of $1.38

Constellation Software Inc. (TSE:CSU) declared a quarterly dividend on Friday, September 20th, Zacks reports. Stockholders 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 is Friday, September 20th. This is a boost from Constellation Software’s previous quarterly dividend of $1.38.

Constellation Software Stock Performance

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

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Friday, August 9th. The company reported C$31.00 EPS for the quarter, topping the consensus estimate of C$29.71 by C$1.29. The business 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%. Equities research analysts forecast that Constellation Software will post 134.6 EPS for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSU. Raymond James raised their price objective on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. CIBC raised their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada increased their target price on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.