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

Constellation Software Inc. (TSE:CSU) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$4,008.33.

A number of research analysts recently weighed in on the company. TD Securities boosted their target price on Constellation Software from C$4,050.00 to C$4,150.00 and gave the stock a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada boosted their target price on Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. CIBC boosted their target price on Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets boosted their target price on Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Raymond James boosted their price target 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 Stock Up 0.4 %

Shares of Constellation Software stock opened at C$3,941.88 on Thursday. The firm has a market cap of C$83.53 billion, a PE ratio of 104.28, a P/E/G ratio of 1.04 and a beta of 0.80. Constellation Software has a 52-week low of C$2,585.25 and a 52-week high of C$3,967.52. The business’s 50 day simple moving average is C$3,751.60 and its 200 day simple moving average is C$3,656.38. The company has a debt-to-equity ratio of 155.36, a quick ratio of 0.55 and a current ratio of 0.92.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, topping the consensus estimate of C$23.21 by C$14.00. The firm had revenue of C$3.17 billion for the quarter, compared to analyst estimates of C$3.22 billion. Constellation Software had a return on equity of 9.53% and a net margin of 6.52%. On average, analysts predict that Constellation Software will post 111.5047198 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, July 11th. Stockholders of record on Thursday, July 11th will be given a dividend of $1.378 per share. This represents a $5.51 dividend on an annualized basis and a dividend yield of 0.14%. This is an increase from Constellation Software’s previous quarterly dividend of $1.36. The ex-dividend date is Thursday, June 20th. Constellation Software’s dividend payout ratio is presently 14.47%.

Insider Activity

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the company’s 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. 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.