Constellation Software (TSE:CSU) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Constellation Software Inc. (TSE:CSU)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$2,818.97 and traded as high as C$3,184.20. Constellation Software shares last traded at C$3,157.21, with a volume of 58,432 shares traded.

Analysts Set New Price Targets

CSU has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Raymond James Financial raised their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. National Bank Financial raised their target price on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Desjardins lifted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada set a C$4,400.00 price target on shares of Constellation Software and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$3,884.40.

Constellation Software Price Performance

The firm has a 50-day simple moving average of C$2,990.04 and a 200-day simple moving average of C$2,824.57. The firm has a market cap of C$68.58 billion, a P/E ratio of 71.39, a PEG ratio of 2.95 and a beta of 0.72. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 141.06.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. The firm had revenue of C$4.74 billion during the quarter. As a group, analysts forecast that Constellation Software Inc. will post 55.46 EPS for the current year.

Constellation Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were given 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 of this dividend was Friday, September 18th. Constellation Software’s dividend payout ratio is presently 8.82%.

Insider Buying and Selling

In related news, insider John Edward Billowits sold 1,200 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were 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 owned 12,370 shares of the company’s stock, valued at C$39,621,110. This represents a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 143 shares of the company’s stock, valued at C$410,585.89. The trade was a 51.03% decrease in their position. 5.69% of the stock is owned by insiders.

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.