Constellation Software (TSE:CSU) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Constellation Software Inc. (TSE:CSU - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4,709.80 and traded as high as C$4,981.50. Constellation Software shares last traded at C$4,945.36, with a volume of 28,709 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSU. CIBC upped their target price on Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. TD Securities upped their target price on Constellation Software from C$5,500.00 to C$5,600.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Raymond James upped their target price on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. Royal Bank of Canada set a C$5.70 price target on Constellation Software and gave the stock an "outperform" rating in a research report on Friday, March 21st. Finally, Jefferies Financial Group increased their price target on Constellation Software from C$5,350.00 to C$5,850.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$4,693.67.

Constellation Software Stock Down 1.3%

The company has a market cap of C$74.02 billion, a PE ratio of 116.39, a P/E/G ratio of 2.95 and a beta of 0.81. The business has a 50-day simple moving average of C$4,808.89 and a 200-day simple moving average of C$4,711.57. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.08%. Constellation Software's payout ratio is currently 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.