Constellation Software (TSE:CSU) Director Jamal Nizam Baksh Sells 285 Shares

Constellation Software Inc. (TSE:CSU) Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the sale, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their position.

Constellation Software Stock Performance

Shares of TSE:CSU traded up C$79.00 during midday trading on Tuesday, reaching C$2,781.00. 23,319 shares of the company traded hands, compared to its average volume of 87,261. The firm’s fifty day moving average price is C$2,675.22 and its two-hundred day moving average price is C$2,751.96. The firm has a market capitalization of C$58.93 billion, a price-to-earnings ratio of 79.32, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18. Constellation Software Inc. has a 12 month low of C$2,196.00 and a 12 month high of C$5,060.70.

Constellation Software (TSE:CSU) last posted its earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The business had revenue of C$4.42 billion during the quarter. On average, equities analysts expect that Constellation Software Inc. will post 55.4616354 earnings per share for the current year.

Constellation Software Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lowered their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Jefferies Financial Group decreased 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. National Bank Financial upgraded Constellation Software from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. Royal Bank Of Canada cut 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. Finally, Raymond James Financial lowered their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$3,823.50.

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.