Constellation Software (TSE:CSU) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,355.89 and traded as high as C$4,442.75. Constellation Software shares last traded at C$4,361.61, with a volume of 6,254 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. CIBC upped their price target on Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Raymond James lifted their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, National Bankshares lifted their price target on shares of 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. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4,875.00.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The stock has a market capitalization of C$92.42 billion, a PE ratio of 103.04, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a 50-day moving average of C$4,519.57 and a two-hundred day moving average of C$4,355.89.

Constellation Software Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were given a $1.353 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. Constellation Software’s dividend payout ratio is presently 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.