Constellation Software (TSE:CSU) Sets New 52-Week High at $3,900.00

Constellation Software Inc. (TSE:CSU) reached a new 52-week high during trading on Thursday . The company traded as high as C$3,900.00 and last traded at C$3,884.72, with a volume of 5740 shares trading hands. The stock had previously closed at C$3,868.23.

Wall Street Analysts Forecast Growth

CSU has been the subject of a number of research reports. CIBC boosted their price target on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada lifted their price target on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. TD Securities lifted their price objective on Constellation Software from C$4,050.00 to C$4,150.00 and gave the stock a “hold” rating in a report on Tuesday, May 14th. Raymond James boosted their target price on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets boosted their price objective on Constellation Software from C$4,150.00 to C$4,300.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Two 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, Constellation Software presently has an average rating of “Moderate Buy” and a consensus price target of C$4,008.33.

Constellation Software Stock Performance

The company has a debt-to-equity ratio of 155.36, a quick ratio of 0.55 and a current ratio of 0.92. The stock’s fifty day moving average is C$3,751.60 and its two-hundred day moving average is C$3,653.82. The firm has a market cap of C$83.53 billion, a price-to-earnings ratio of 104.28, a PEG ratio of 1.04 and a beta of 0.80.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, beating the consensus estimate of C$23.21 by C$14.00. Constellation Software had a return on equity of 9.53% and a net margin of 6.52%. The firm had revenue of C$3.17 billion for the quarter, compared to the consensus estimate of C$3.22 billion. On average, analysts expect that Constellation Software Inc. will post 111.5047198 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, July 11th will be paid a dividend of $1.378 per share. This is a boost from Constellation Software’s previous quarterly dividend of $1.36. The ex-dividend date is Thursday, June 20th. This represents a $5.51 annualized dividend and a yield of 0.14%. Constellation Software’s dividend payout ratio (DPR) is presently 14.47%.

Insider Activity

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. Insiders own 5.70% of the company’s stock.

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.