Constellation Software Inc. (TSE:CSU) Receives C$4,008.33 Average Price Target from Brokerages

Shares of Constellation Software Inc. (TSE:CSU) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$4,075.00.

A number of brokerages have weighed in on CSU. Royal Bank of Canada raised 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 research report on Monday, July 22nd. TD Securities raised their target price on shares of Constellation Software from C$4,050.00 to C$4,150.00 and gave the company a “hold” rating in a research report on Tuesday, May 14th. Finally, BMO Capital Markets raised their target price on shares of Constellation Software from C$4,150.00 to C$4,300.00 and gave the company an “outperform” rating in a research report on Monday, May 13th.

Constellation Software Stock Performance

Shares of TSE:CSU opened at C$4,471.67 on Monday. The company’s 50 day simple moving average is C$3,941.95 and its 200 day simple moving average is C$3,779.92. The stock has a market capitalization of C$94.75 billion, a price-to-earnings ratio of 118.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.80. The company has a debt-to-equity ratio of 155.36, a current ratio of 0.92 and a quick ratio of 0.55. Constellation Software has a 1 year low of C$2,585.25 and a 1 year high of C$4,476.50.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, May 10th. The company reported C$37.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$23.21 by C$14.00. The business had revenue of C$3.17 billion for the quarter, compared to analysts’ expectations of C$3.22 billion. Constellation Software had a net margin of 6.52% and a return on equity of 9.53%. As a group, research analysts predict that Constellation Software will post 111.5047198 EPS for the current fiscal year.

Constellation Software Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th were issued a dividend of $1.378 per share. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, June 20th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.36. Constellation Software’s payout ratio is 14.47%.

Insider Transactions at Constellation Software

In other news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction on 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. 5.70% of the stock is owned by company insiders.

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.