Constellation Software (TSE:CSU) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Constellation Software's share price fell below its 200-day moving average for the first time, trading at C$3,897.60 compared to a moving average of C$4,688.74.
• Analysts have mixed outlooks, with price targets ranging from C$4,500.00 to C$6,000.00, and an average rating of "Moderate Buy".
• The company has declared a $1.00 quarterly dividend, which will be issued on October 10th, reflecting a 0.1% yield.

Constellation Software Inc. (TSE:CSU - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4,688.74 and traded as low as C$3,882.65. Constellation Software shares last traded at C$3,897.60, with a volume of 43,805 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. TD Securities set a C$5,700.00 price target on shares of Constellation Software and gave the stock a "buy" rating in a research report on Thursday, September 25th. National Bank Financial downgraded shares of Constellation Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. National Bankshares cut shares of Constellation Software from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$5,500.00 to C$4,500.00 in a report on Friday, September 26th. Finally, Royal Bank Of Canada upped their target price on Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an "outperform" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Constellation Software currently has an average rating of "Moderate Buy" and a consensus target price of C$5,450.00.

Constellation Software Stock Performance

The company has a market cap of C$82.60 billion, a P/E ratio of 128.89, a PEG ratio of 2.95 and a beta of 0.56. The stock has a fifty day moving average price of C$4,394.24 and a two-hundred day moving average price of C$4,688.74. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, October 10th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $4.00 annualized dividend and a yield of 0.1%. Constellation Software's dividend payout ratio is presently 13.23%.

Insider Buying and Selling at Constellation Software

In related news, insider Mark Robert Miller acquired 275 shares of the firm's stock in a transaction dated Friday, September 26th. The stock was acquired at an average cost of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the completion of the acquisition, 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 position. Corporate insiders own 5.69% of the company's stock.

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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