Constellation Software (TSE:CSU) Shares Cross Above 200 Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4,136.76 and traded as high as C$4,504.49. Constellation Software shares last traded at C$4,503.07, with a volume of 19,667 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Securities raised their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. National Bankshares boosted their target price on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC increased their price target on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Raymond James raised their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Finally, BMO Capital Markets upped their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,800.00.

Constellation Software Stock Performance

The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81. The stock has a market capitalization of C$95.42 billion, a PE ratio of 106.38, a PEG ratio of 2.95 and a beta of 0.81. The firm has a 50 day moving average price of C$4,365.96 and a 200-day moving average price of C$4,136.76.

Constellation Software Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a dividend of $1.353 per share. This represents a $5.41 annualized dividend and a yield of 0.12%. The ex-dividend date is Friday, December 20th. Constellation Software’s payout ratio is 12.95%.

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.