Constellation Software Inc. (TSE:CSU) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Brokerages have given Constellation Software Inc. a consensus recommendation of "Moderate Buy", with an average 12-month price target of C$5,450.00.
• The company recently announced a quarterly dividend of $1.00 per share, reflecting an annualized yield of 0.1%.
• Insider Mark Robert Miller purchased 275 shares at an average price of C$3,695.14, increasing his ownership stake by 2.40%.

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$5,450.00.

Several brokerages have issued reports on CSU. TD Securities set a C$5,700.00 price target on shares of Constellation Software and gave the company a "buy" rating in a research report on Thursday, September 25th. National Bank Financial lowered shares of Constellation Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 25th. National Bankshares lowered shares of Constellation Software from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$5,500.00 to C$4,500.00 in a research note on Friday, September 26th. Royal Bank Of Canada upped their price objective on shares of Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets reduced their price objective on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a research note on Monday, August 11th.

Constellation Software Trading Up 0.5%

Shares of TSE CSU opened at C$3,955.01 on Wednesday. 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 has a 52-week low of C$3,390.01 and a 52-week high of C$5,300.00. The firm has a 50 day moving average price of C$4,289.32 and a two-hundred day moving average price of C$4,657.44. The stock has a market cap of C$83.81 billion, a P/E ratio of 130.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.56.

Constellation Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 10th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, September 19th. Constellation Software's payout ratio is presently 13.23%.

Insider Activity

In related news, insider Mark Robert Miller bought 275 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the transaction, the insider directly owned 11,753 shares of the company's stock, valued at approximately C$43,428,980.42. The trade was a 2.40% increase in their ownership of the stock. 5.69% of the stock is owned by insiders.

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.

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