Constellation Software (TSE:CSU) Shares Pass Above 200-Day Moving Average – What’s Next?

Constellation Software Inc. (TSE:CSU) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,786.58 and traded as high as C$2,917.87. Constellation Software shares last traded at C$2,901.56, with a volume of 72,893 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank Of Canada reduced their target price on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. TD increased their target price on Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Desjardins reduced their target price on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial reduced their target price on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reduced their target price on Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$3,823.50.

Constellation Software Stock Up 5.5%

The stock has a 50 day moving average price of C$2,554.78 and a 200-day moving average price of C$2,786.58. The stock has a market capitalization of C$61.49 billion, a P/E ratio of 82.76, a PEG ratio of 2.95 and a beta of 0.39. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The firm had revenue of C$4.42 billion for the quarter. As a group, research analysts expect that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, March 27th. Constellation Software’s dividend payout ratio (DPR) is 11.41%.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.