Constellation Software (TSE:CSU) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Constellation Software Inc. (TSE:CSU - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4,811.87 and traded as high as C$4,900.00. Constellation Software shares last traded at C$4,862.16, with a volume of 23,203 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets raised their target price on Constellation Software from C$5,500.00 to C$5,700.00 in a research note on Thursday, May 22nd. TD Securities raised their target price on Constellation Software from C$5,500.00 to C$5,600.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group raised their target price on Constellation Software from C$5,350.00 to C$5,850.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$4,693.67.

Constellation Software Price Performance

The firm has a market cap of C$71.30 billion, a price-to-earnings ratio of 112.11, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The business has a 50 day simple moving average of C$4,910.29 and a 200-day simple moving average of C$4,821.64.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, June 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. Constellation Software's payout ratio is 13.02%.

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.