Constellation Software (TSE:CSU) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4,605.95 and traded as high as C$4,973.35. Constellation Software shares last traded at C$4,968.35, with a volume of 40,112 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CSU shares. Raymond James increased their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. BMO Capital Markets increased their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th. TD Securities raised shares of Constellation Software from a "hold" rating to a "buy" rating and increased their price target for the stock from C$5,250.00 to C$5,550.00 in a report on Friday, April 11th. CIBC boosted their price objective on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada set a C$5.70 price target on shares of Constellation Software and gave the stock an "outperform" rating in a report on Friday, March 21st. One investment 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's stock. According to MarketBeat.com, Constellation Software has a consensus rating of "Buy" and a consensus target price of C$4,459.28.

Constellation Software Stock Down 1.0 %

The company has a market capitalization of C$75.47 billion, a price-to-earnings ratio of 118.67, a PEG ratio of 2.95 and a beta of 0.81. 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 business has a 50 day simple moving average of C$4,709.65 and a 200 day simple moving average of C$4,615.73.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.08%. The ex-dividend date was Friday, March 28th. Constellation Software's dividend payout ratio (DPR) is presently 13.02%.

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.