Constellation Software (TSE:CSU) Reaches New 1-Year Low - Time to Sell?

Key Points

• Share prices of Constellation Software reached a new 52-week low at C$3,370.46 during mid-day trading, closing at C$3,382.17.
• Analysts have mixed ratings on the stock, with the price targets ranging from C$4,500.00 to C$5,700.00, reflecting a consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $1.00 per share, resulting in an annualized dividend yield of 0.1%.

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3,370.46 and last traded at C$3,382.17, with a volume of 39946 shares trading hands. The stock had previously closed at C$3,570.98.

Analysts Set New Price Targets

CSU has been the subject of several analyst reports. BMO Capital Markets cut their price target on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. CIBC lifted their price target on shares of Constellation Software from C$5,450.00 to C$5,480.00 and gave the company an "outperform" rating in a report on Wednesday, October 29th. National Bank Financial downgraded shares of Constellation Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 25th. National Bankshares downgraded shares of Constellation Software from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$5,500.00 to C$4,500.00 in a research note on Friday, September 26th. Finally, TD Securities set a C$5,700.00 target price on shares of Constellation Software and gave the stock a "buy" rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5,454.29.

Constellation Software Stock Performance

The stock's 50 day simple moving average is C$4,035.46 and its two-hundred day simple moving average is C$4,563.89. 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 market capitalization of C$71.61 billion, a P/E ratio of 111.74, a P/E/G ratio of 2.95 and a beta of 0.58.

Constellation Software Announces Dividend

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

Insider Activity at Constellation Software

In other Constellation Software news, insider Mark Robert Miller purchased 275 shares of the stock in a transaction dated Friday, September 26th. The stock was 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 in the company, valued at C$43,428,980.42. This represents a 2.40% increase in their ownership of the stock. 5.69% of the stock is currently owned by corporate 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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