Constellation Software (TSE:CSU) Reaches New 52-Week High – Here’s Why

Shares of Constellation Software Inc. (TSE:CSU) reached a new 52-week high on Wednesday . The company traded as high as C$4,720.55 and last traded at C$4,720.55, with a volume of 2959 shares. The stock had previously closed at C$4,679.01.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. CIBC raised their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. National Bankshares lifted their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. TD Securities lifted their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Finally, BMO Capital Markets lifted their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Price Performance

The stock has a fifty day moving average of C$4,392.76 and a two-hundred day moving average of C$4,160.48. The stock has a market cap of C$100.04 billion, a price-to-earnings ratio of 110.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a dividend of $1.353 per share. This represents a $5.41 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is 12.95%.

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.