Constellation Software Inc. (TSE:CSU) Stock Has Consensus Target Price of C$3,931.27 According to Brokerages

Key Points

• Analysts remain generally positive: Constellation Software has a “Moderate Buy” consensus from 10 brokerages, with nine buy ratings and one hold. The average 12-month price target is C$3,931.27.
• Recent analysts adjusted their targets, including RBC Dominion Securities at C$4,400, Desjardins at C$3,900, and National Bank Financial at C$3,700, while Raymond James maintained a “market perform” rating with a C$3,500 target.
• Insiders sold shares in two reported transactions, while the company paid a quarterly C$1 dividend, equivalent to a C$4 annualized payout and a 0.1% yield. Shares opened at C$3,395, near the upper end of their 52-week range.

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) have earned an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$3,931.27.

CSU has been the subject of a number of analyst reports. RBC Dominion Securities set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an "outperform" rating in a report on Friday. Raymond James Financial upped their target price on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Desjardins increased their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. National Bank Financial increased their price objective on Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group increased their price objective on Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th.

Insider Activity at Constellation Software

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

Constellation Software Stock Down 0.4%

Shares of CSU opened at C$3,395.00 on Friday. The company has a 50-day simple moving average of C$3,004.28 and a 200-day simple moving average of C$2,840.88. The firm has a market capitalization of C$71.95 billion, a P/E ratio of 74.90, a P/E/G ratio of 2.95 and a beta of 0.72. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$3,898.03.

Constellation Software (TSE:CSU - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. The business had revenue of C$4.74 billion during the quarter. On average, equities research analysts expect that Constellation Software will post 55.46 earnings per share for the current year.

Constellation Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 18th. Constellation Software's payout ratio is presently 8.82%.

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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