Constellation Software (CSU) Sets New 12-Month High at $985.00

Constellation Software (TSE:CSU) reached a new 52-week high on Thursday . The stock traded as high as C$985.00 and last traded at C$980.00, with a volume of 7113 shares. The stock had previously closed at C$976.81.

Several research firms recently weighed in on CSU. Scotiabank upped their price objective on shares of Constellation Software from C$860.00 to C$880.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. BMO Capital Markets upped their price objective on shares of Constellation Software from C$840.00 to C$900.00 in a research report on Friday, February 16th. CIBC upped their price objective on shares of Constellation Software from C$800.00 to C$856.00 in a research report on Friday, February 16th. Raymond James upped their price objective on shares of Constellation Software from C$710.00 to C$820.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Finally, National Bank Financial upped their price objective on shares of Constellation Software from C$715.00 to C$800.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of C$901.88.

Constellation Software (TSE:CSU) last posted its earnings results on Wednesday, April 25th. The company reported C$8.50 EPS for the quarter, topping analysts’ consensus estimates of C$7.26 by C$1.24. The firm had revenue of C$908.22 million during the quarter, compared to analysts’ expectations of C$847.50 million. Constellation Software had a net margin of 11.07% and a return on equity of 52.96%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Friday, June 15th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Constellation Software’s previous quarterly dividend of $1.00.

In related news, Director Lawrence Cunningham bought 75 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was purchased at an average price of C$755.00 per share, with a total value of C$56,625.00. Also, insider Jamal Nizam Baksh sold 425 shares of the stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of C$960.92, for a total transaction of C$408,391.00. Insiders sold 1,900 shares of company stock valued at $1,750,381 in the last three months.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. The company operates in two segments, Public Sector and Private Sector.

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