Constellation Software Inc. (TSE:CSU) to Issue Dividend Increase – $1.38 Per Share

Constellation Software Inc. (TSE:CSU) declared a quarterly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Thursday, October 10th will be paid a dividend of 1.381 per share on Thursday, October 10th. This represents a $5.52 annualized dividend and a yield of 0.13%. The ex-dividend date is Friday, September 20th. This is a boost from Constellation Software’s previous quarterly dividend of $1.38.

Constellation Software Stock Performance

TSE:CSU opened at C$4,256.85 on Thursday. The firm has a market capitalization of C$90.20 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.04 and a beta of 0.81. Constellation Software has a twelve month low of C$2,665.01 and a twelve month high of C$4,476.50. The company has a fifty day moving average of C$4,229.21 and a 200-day moving average of C$3,921.70. 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 quarterly earnings data on Friday, August 9th. The company reported C$31.00 earnings per share for the quarter, beating the consensus estimate of C$29.71 by C$1.29. The firm had revenue of C$3.38 billion for the quarter, compared to analyst estimates of C$3.40 billion. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. As a group, sell-side analysts anticipate that Constellation Software will post 134.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on 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. Raymond James upped their price objective 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. Finally, CIBC boosted their target price on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Two investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$4,275.00.

Insider Transactions at Constellation Software

In related news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction 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. Company insiders own 5.69% of the company’s stock.

Constellation Software Company Profile

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.