Constellation Software (TSE:CSU) Stock Passes Above 200 Day Moving Average – Here’s Why

Constellation Software Inc. (TSE:CSU)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2,779.93 and traded as high as C$3,051.21. Constellation Software shares last traded at C$2,924.00, with a volume of 73,035 shares.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. Royal Bank Of Canada decreased their price objective on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. TD Securities increased their price objective on Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Canadian Imperial Bank of Commerce decreased their price objective on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Finally, Raymond James Financial decreased their price objective on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and an average target price of C$3,823.50.

Constellation Software Stock Down 4.4%

The firm has a market cap of C$61.97 billion, a price-to-earnings ratio of 83.40, a PEG ratio of 2.95 and a beta of 0.53. The business’s 50 day moving average price is C$2,626.92 and its 200 day moving average price is C$2,779.93. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91.

Constellation Software (TSE:CSU) last posted its earnings results on Tuesday, May 12th. The company reported C$24.08 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. On average, equities analysts forecast that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Dividend Announcement

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

Constellation Software Company Profile

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.