Constellation Software (TSE:CSU) Share Price Crosses Above Two Hundred Day Moving Average of $3,919.34

Shares of Constellation Software Inc. (TSE:CSU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3,919.34 and traded as high as C$4,388.00. Constellation Software shares last traded at C$4,313.86, with a volume of 24,052 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. CIBC upped their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Raymond James upped their price target on shares of Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$4,275.00.

Constellation Software Price Performance

The firm’s 50-day moving average is C$4,226.38 and its 200-day moving average is C$3,919.34. The company has a market capitalization of C$91.41 billion, a PE ratio of 104.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, August 9th. The company reported C$31.00 earnings per share (EPS) for the quarter, topping the consensus estimate of C$29.71 by C$1.29. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. The company had revenue of C$3.38 billion during the quarter, compared to analyst estimates of C$3.40 billion. Equities analysts predict that Constellation Software Inc. will post 134.6 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, October 10th will be given a $1.381 dividend. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.38. This represents a $5.52 annualized dividend and a yield of 0.13%. Constellation Software’s payout ratio is 13.24%.

Insider Buying and Selling at Constellation Software

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. Company insiders own 5.69% of the company’s stock.

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.