Constellation Software (TSE:CSU) Stock Price Target Raised at Desjardins

Key Points

• Desjardins raised Constellation Software’s price target from C$4,000 to C$4,100 and maintained its Buy rating, implying 18.55% upside from the current price.
• Analyst sentiment is broadly positive: 10 analysts rate the stock Buy and one Hold, for a consensus Moderate Buy rating and C$4,012 price target.
• Shares rose 1.9% to C$3,458.35 on Tuesday. The company reported quarterly earnings of C$14.25 per share and revenue of C$5 billion.

Constellation Software (TSE:CSU - Get Free Report) had its price target boosted by equities research analysts at Desjardins from C$4,000.00 to C$4,100.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Desjardins's price objective points to a potential upside of 18.55% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Raymond James Financial increased their target price on shares of Constellation Software from C$3,500.00 to C$3,800.00 and gave the stock a "market perform" rating in a report on Monday. Royal Bank Of Canada set a C$4,400.00 price target on shares of Constellation Software and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. National Bank Financial boosted their price target on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Jefferies Financial Group upped their price objective on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Finally, RBC Dominion Securities set a C$4,400.00 price objective on Constellation Software and gave the stock an "outperform" rating in a research note on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$4,012.00.

Constellation Software Trading Up 1.9%

Shares of CSU stock traded up C$66.06 on Tuesday, reaching C$3,458.35. The company had a trading volume of 13,440 shares, compared to its average volume of 75,110. The stock has a market cap of C$73.29 billion, a PE ratio of 76.29, a PEG ratio of 2.95 and a beta of 0.82. The company has a 50-day moving average of C$3,079.99 and a 200-day moving average of C$2,795.17. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 133.36. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$3,532.73.

Constellation Software (TSE:CSU - Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported C$14.25 earnings per share for the quarter. The business had revenue of C$5 billion for the quarter. Constellation Software had a net margin of 7.25% and a return on equity of 24.05%. On average, equities analysts forecast that Constellation Software will post 55.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jamal Nizam Baksh sold 149 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the completion of the sale, the director directly owned 143 shares of the company's stock, valued at approximately C$410,585.89. This represents a 51.03% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the sale, the insider owned 12,370 shares in the company, valued at C$39,621,110. This trade represents a 8.84% decrease in their ownership of the stock. 5.69% of the stock is currently owned by corporate insiders.

About Constellation Software

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.

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