Constellation Software (TSE:CSU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Constellation Software Inc. (TSE:CSU)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4,748.36 and traded as high as C$5,058.39. Constellation Software shares last traded at C$5,030.09, with a volume of 18,865 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on CSU shares. Raymond James Financial lifted their price target on Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. Royal Bank Of Canada set a C$5.70 target price on Constellation Software and gave the company an “outperform” rating in a research note on Friday, March 21st. TD Securities boosted their target price on Constellation Software from C$5,500.00 to C$5,600.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. BMO Capital Markets boosted their target price on Constellation Software from C$5,500.00 to C$5,700.00 in a research note on Thursday, May 22nd. Finally, CIBC boosted their target price on Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$4,693.67.

Constellation Software Stock Performance

The stock has a market capitalization of C$76.01 billion, a P/E ratio of 119.52, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55. The company has a 50 day simple moving average of C$4,949.43 and a 200-day simple moving average of C$4,748.36.

Constellation Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Friday, June 20th. Constellation Software’s dividend payout ratio (DPR) is presently 13.02%.

About Constellation Software

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.