Constellation Software (TSE:CSU) Sets New 1-Year Low - Should You Sell?

Key Points

• Constellation Software shares reached a new 52-week low at C$4,053.53, down from a previous close of C$4,200.28.
• Analysts have varying price targets, with updates from BMO Capital Markets (C$5,400), TD Securities (C$5,700), and Royal Bank of Canada (C$6,000), giving the stock a consensus rating of "Buy."
• The company recently declared a quarterly dividend of $1.00 per share, with an annualized yield of 0.1% and a payout ratio of 13.23%.

Constellation Software Inc. (TSE:CSU - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$4,053.53 and last traded at C$4,061.33, with a volume of 37953 shares. The stock had previously closed at C$4,200.28.

Analysts Set New Price Targets

CSU has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. TD Securities lifted their price target on Constellation Software from C$5,600.00 to C$5,700.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price target on Constellation Software from C$5,700.00 to C$6,000.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, Constellation Software presently has a consensus rating of "Buy" and an average target price of C$5,521.43.

Constellation Software Trading Down 4.8%

The stock has a 50 day simple moving average of C$4,598.44 and a 200-day simple moving average of C$4,744.27. The firm has a market capitalization of C$84.77 billion, a P/E ratio of 132.28, a P/E/G ratio of 2.95 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83.

Constellation Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be paid 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 is Friday, September 19th. Constellation Software's payout ratio is currently 13.23%.

About Constellation Software

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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