Constellation Software Inc. (TSE:CSU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Constellation Software Inc. (TSE:CSU) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$4,008.33.

Several equities research analysts recently issued reports on CSU shares. CIBC increased their target price on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada lifted their target price on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. BMO Capital Markets upped their target price on shares of Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. TD Securities raised their price target on Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a “hold” rating in a report on Tuesday, May 14th. Finally, Raymond James upped their price objective on Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th.

Insider Transactions at Constellation Software

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. Insiders own 5.70% of the company’s stock.

Constellation Software Trading Down 0.2 %

Shares of Constellation Software stock opened at C$3,868.23 on Thursday. Constellation Software has a 1-year low of C$2,585.25 and a 1-year high of C$3,882.22. The company’s fifty day simple moving average is C$3,738.31 and its 200-day simple moving average is C$3,646.01. The company has a debt-to-equity ratio of 155.36, a current ratio of 0.92 and a quick ratio of 0.55. The stock has a market capitalization of C$81.97 billion, a PE ratio of 102.33, a P/E/G ratio of 1.04 and a beta of 0.80.

Constellation Software (TSE:CSU) last released its earnings results on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, beating the consensus estimate of C$23.21 by C$14.00. The company had revenue of C$3.17 billion for the quarter, compared to the consensus estimate of C$3.22 billion. Constellation Software had a return on equity of 9.53% and a net margin of 6.52%. As a group, equities analysts anticipate that Constellation Software will post 111.5047198 earnings per share for the current year.

Constellation Software Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be given a dividend of $1.378 per share. This is a positive change from Constellation Software’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.14%. Constellation Software’s dividend payout ratio (DPR) is presently 14.47%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.