Constellation Software (TSE:CSU) Stock Crosses Above 200 Day Moving Average of $3,418.61

Constellation Software Inc. (TSE:CSU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3,418.61 and traded as high as C$3,670.00. Constellation Software shares last traded at C$3,635.00, with a volume of 29,621 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Constellation Software from C$3,600.00 to C$4,150.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. CIBC boosted their price objective on shares of 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. Royal Bank of Canada boosted their price objective 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 note on Thursday, March 7th. TD Securities boosted their price objective on shares of Constellation Software from C$3,900.00 to C$4,050.00 and gave the company a “hold” rating in a research note on Thursday, March 7th. Finally, Raymond James upped their price target on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,966.67.

Constellation Software Trading Down 0.5 %

The business’s 50-day moving average is C$3,708.91 and its two-hundred day moving average is C$3,418.61. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 187.76. The stock has a market capitalization of C$77.03 billion, a PE ratio of 99.51, a PEG ratio of 1.04 and a beta of 0.79.

Constellation Software (TSE:CSU) last announced its earnings results on Wednesday, March 6th. The company reported C$21.21 earnings per share for the quarter, missing the consensus estimate of C$24.21 by C($3.00). The business had revenue of C$3.16 billion for the quarter, compared to analyst estimates of C$3.08 billion. Constellation Software had a net margin of 6.72% and a return on equity of 3.18%. On average, analysts predict that Constellation Software Inc. will post 111.7535101 earnings per share for the current year.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $1.358 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.43 annualized dividend and a dividend yield of 0.15%. Constellation Software’s dividend payout ratio is presently 14.84%.

Insider Activity

In other news, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$3,762.90, for a total transaction of C$3,762,900.00. In related news, Director Claire Marie Catherine Kennedy purchased 15 shares of Constellation Software stock in a transaction dated Friday, March 22nd. The shares were acquired 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 transaction, the director now owns 67 shares of the company’s stock, valued at approximately C$253,737.71. Also, Senior Officer John Edward Billowits sold 1,000 shares of the stock in a transaction dated 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. Insiders own 4.65% 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.