Insider Buying: Constellation Software Inc. (TSE:CSU) Director Acquires 40 Shares of Stock

Constellation Software Inc. (TSE:CSUGet Rating) Director Lawrence Cunningham bought 40 shares of the stock in a transaction on Thursday, September 22nd. The shares were acquired at an average cost of C$1,836.96 per share, for a total transaction of C$73,478.40. Following the purchase, the director now owns 1,081 shares in the company, valued at C$1,985,753.76.

Lawrence Cunningham also recently made the following trade(s):

  • On Tuesday, September 6th, Lawrence Cunningham bought 100 shares of Constellation Software stock. The shares were acquired at an average cost of C$1,935.00 per share, for a total transaction of C$193,500.00.

Constellation Software Stock Down 0.8 %

Shares of TSE CSU traded down C$15.40 during trading hours on Thursday, hitting C$1,899.00. The stock had a trading volume of 17,854 shares, compared to its average volume of 34,870. The company has a market capitalization of C$40.24 billion and a P/E ratio of 67.24. The firm’s 50-day moving average price is C$2,052.35 and its two-hundred day moving average price is C$2,033.26. Constellation Software Inc. has a 52 week low of C$1,793.93 and a 52 week high of C$2,385.80. The company has a debt-to-equity ratio of 131.62, a quick ratio of 0.56 and a current ratio of 0.64.

Constellation Software (TSE:CSUGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported C$15.80 EPS for the quarter, missing the consensus estimate of C$16.61 by C($0.81). The company had revenue of C$2.07 billion during the quarter, compared to analyst estimates of C$1.99 billion. Analysts anticipate that Constellation Software Inc. will post 81.3299987 EPS for the current fiscal year.

Constellation Software Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Tuesday, September 20th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $5.12 annualized dividend and a yield of 0.27%. Constellation Software’s dividend payout ratio (DPR) is currently 14.05%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSU shares. Royal Bank of Canada lowered their target price on Constellation Software from C$2,700.00 to C$2,600.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. BMO Capital Markets lifted their target price on Constellation Software from C$2,400.00 to C$2,450.00 in a research note on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$2,458.33.

Constellation Software Company Profile

(Get Rating)

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.

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