Constellation Software Inc. (TSE:CSU) Given Consensus Rating of “Moderate Buy” by Analysts

Constellation Software Inc. (TSE:CSU) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$3,966.67.

CSU has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets upped their target price on Constellation Software from C$3,600.00 to C$4,150.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. CIBC lifted their price target on Constellation Software from C$3,800.00 to C$4,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. TD Securities boosted their price target on Constellation Software from C$3,900.00 to C$4,050.00 and gave the stock a “hold” rating in a report on Thursday, March 7th. Finally, Raymond James raised their price objective on Constellation Software from C$3,150.00 to C$3,800.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th.

Constellation Software Price Performance

Constellation Software stock opened at C$3,755.35 on Wednesday. The firm has a market cap of C$79.58 billion, a PE ratio of 102.21, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79. The company has a debt-to-equity ratio of 187.76, a current ratio of 0.61 and a quick ratio of 0.55. The stock’s fifty day moving average price is C$3,696.81 and its two-hundred day moving average price is C$3,465.74. Constellation Software has a one year low of C$2,499.99 and a one year high of C$3,856.00.

Constellation Software (TSE:CSU) last released its earnings results on Wednesday, March 6th. The company reported C$21.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The company had revenue of C$3.16 billion for the quarter, compared to analyst estimates of C$3.08 billion. Constellation Software had a return on equity of 3.18% and a net margin of 6.72%. As a group, research analysts expect that Constellation Software will post 112.7715437 EPS for the current fiscal year.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $1.358 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 dividend on an annualized basis and a yield of 0.14%. Constellation Software’s payout ratio is presently 14.97%.

Insider Buying and Selling at Constellation Software

In other news, Director Claire Marie Catherine Kennedy acquired 15 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of C$3,787.13 per share, with a total value of C$56,806.95. Following the completion of the purchase, the director now directly owns 67 shares of the company’s stock, valued at approximately C$253,737.71. In other Constellation Software news, Director Claire Marie Catherine Kennedy purchased 15 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were bought at an average price of C$3,787.13 per share, for a total transaction of C$56,806.95. Following the completion of the acquisition, the director now owns 67 shares in the company, valued at C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. Corporate insiders own 5.70% 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.