Shares of Constellation Software Inc. (TSE:CSU – Get Rating) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$2,480.00.
CSU has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of Constellation Software from C$2,400.00 to C$2,450.00 in a research report on Friday, August 5th. Royal Bank of Canada cut their target price on shares of Constellation Software from C$2,700.00 to C$2,600.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. National Bankshares upgraded shares of Constellation Software from a "sector perform" rating to an "outperform" rating in a research report on Thursday. Finally, National Bank Financial upgraded shares of Constellation Software from a "sector perform under weight" rating to an "outperform market weight" rating in a research report on Wednesday, October 19th.
Get Constellation Software alerts:Insider Transactions at Constellation Software
In other news, Director Lawrence Cunningham bought 100 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average price of C$1,935.00 per share, with a total value of C$193,500.00. Following the completion of the purchase, the director now directly owns 1,041 shares of the company's stock, valued at C$2,014,335.
Constellation Software Stock Performance
Shares of TSE:CSU opened at C$1,881.78 on Friday. The company's 50 day moving average price is C$1,970.71 and its two-hundred day moving average price is C$1,994.35. Constellation Software has a 12-month low of C$1,783.98 and a 12-month high of C$2,385.80. The firm has a market cap of C$39.88 billion and a PE ratio of 63.45. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 131.62.
Constellation Software (TSE:CSU – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported C$15.80 earnings per share (EPS) for the quarter, missing the consensus estimate of C$16.61 by C($0.81). The company had revenue of C$2.07 billion for the quarter, compared to analyst estimates of C$1.99 billion. Equities research analysts predict that Constellation Software will post 85.0899937 earnings per share for the current year.
Constellation Software Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Tuesday, September 20th were issued a dividend of $1.28 per share. The ex-dividend date was Monday, September 19th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 0.27%. Constellation Software's dividend payout ratio (DPR) is presently 13.49%.
About Constellation Software
(Get Rating)
Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.
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