Constellation Software (TSE:CSU) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4,316.30 and traded as high as C$4,471.10. Constellation Software shares last traded at C$4,458.44, with a volume of 22,213 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSU shares. UBS Group upgraded Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. BMO Capital Markets boosted their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. CIBC raised their price target on Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a report on Monday, December 9th. TD Securities upped their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Finally, National Bankshares raised their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The company’s 50 day moving average is C$4,515.09 and its 200 day moving average is C$4,316.30. The firm has a market capitalization of C$94.47 billion, a price-to-earnings ratio of 105.33, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, January 10th will be paid a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.12%. Constellation Software’s dividend payout ratio (DPR) is presently 12.95%.

Constellation Software Company Profile

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.