Constellation Software (TSE:CSU) Price Target Raised to C$4,500.00

Constellation Software (TSE:CSU) had its target price increased by TD from C$4,200.00 to C$4,500.00 in a research note published on Tuesday,BayStreet reports. TD currently has a buy rating on the stock.

Several other research firms have also commented on CSU. National Bank Financial lifted their price target on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. RBC Dominion Securities set a C$4,400.00 price objective on shares of Constellation Software and gave the company an “outperform” rating in a research report on Friday, October 23rd. Raymond James Financial increased their price objective on shares of Constellation Software from C$3,500.00 to C$3,800.00 and gave the stock a “market perform” rating in a research note on Monday. Desjardins raised their target price on shares of Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada set a C$4,400.00 target price on Constellation Software and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$4,012.00.

Constellation Software Stock Performance

Constellation Software stock opened at C$3,496.88 on Tuesday. The company has a market cap of C$74.11 billion, a PE ratio of 76.94, a P/E/G ratio of 2.95 and a beta of 0.82. The company has a fifty day moving average price of C$3,102.72 and a two-hundred day moving average price of C$2,805.51. The company has a debt-to-equity ratio of 133.36, a current ratio of 0.91 and a quick ratio of 0.55. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$3,532.73.

Constellation Software (TSE:CSU) last issued its earnings results on Friday, November 6th. The company reported C$14.25 earnings per share for the quarter. The company had revenue of C$5 billion for the quarter. Constellation Software had a net margin of 7.25% and a return on equity of 24.05%. Research analysts expect that Constellation Software will post 55.46 earnings per share for the current year.

Constellation Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. Constellation Software’s payout ratio is 8.80%.

Insider Activity

In other news, Director Jamal Nizam Baksh sold 149 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the completion of the transaction, the director owned 143 shares in the company, valued at approximately C$410,585.89. This represents a 51.03% decrease in their ownership of the stock. Also, insider John Edward Billowits sold 1,200 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the sale, the insider directly owned 12,370 shares in the company, valued at approximately C$39,621,110. This trade represents a 8.84% decrease in their position. 5.69% of the stock is currently owned by corporate insiders.

Constellation Software Company Profile

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol ‘CSU’. Constellation acquires, manages and builds vertical market software businesses.