Constellation Software (TSE:CSU) Hits New 1-Year High at $4,425.90

Constellation Software Inc. (TSE:CSU)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$4,425.90 and last traded at C$4,412.28, with a volume of 17971 shares traded. The stock had previously closed at C$4,372.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Raymond James upped their price target 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 research note on Monday, August 12th. Royal Bank of Canada upped their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, CIBC raised their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the company 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4,275.00.

Constellation Software Stock Performance

The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market cap of C$91.94 billion, a P/E ratio of 103.90, a P/E/G ratio of 1.04 and a beta of 0.81. The business’s 50-day moving average price is C$4,259.11 and its 200-day moving average price is C$3,950.79.

Constellation Software (TSE:CSU) last posted its quarterly earnings data on Friday, August 9th. The company reported C$31.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$29.71 by C$1.29. The firm had revenue of C$3.38 billion for the quarter, compared to analysts’ expectations of C$3.40 billion. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. As a group, sell-side analysts expect that Constellation Software Inc. will post 133.4284873 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th will be given a $1.381 dividend. This represents a $5.52 annualized dividend and a dividend yield of 0.13%. This is an increase from Constellation Software’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Friday, September 20th. Constellation Software’s payout ratio is presently 13.15%.

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.