Constellation Software (TSE:CSU) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4,577.64 and traded as high as C$4,735.20. Constellation Software shares last traded at C$4,682.54, with a volume of 31,570 shares changing hands.

Analyst Ratings Changes

CSU has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a report on Monday, March 10th. Raymond James increased their price objective on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. TD Securities raised Constellation Software from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$5,250.00 to C$5,550.00 in a report on Friday, April 11th. Royal Bank of Canada set a C$5.70 price objective on Constellation Software and gave the stock an “outperform” rating in a report on Friday, March 21st. Finally, CIBC raised their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$4,459.28.

Constellation Software Stock Down 0.8 %

The company has a market cap of C$70.76 billion, a PE ratio of 111.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a fifty day moving average of C$4,716.31 and a two-hundred day moving average of C$4,577.64. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.00 annualized dividend and a dividend yield of 0.09%. Constellation Software’s dividend payout ratio (DPR) is presently 13.02%.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.