Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,682.71 and traded as high as C$3,131.88. Constellation Software shares last traded at C$3,075.89, with a volume of 47,970 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CSU. National Bank Financial upped their price objective on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce decreased their target price on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Constellation Software from C$4,500.00 to C$4,400.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. BMO Capital Markets cut their price target on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an "outperform" rating for the company in a report on Wednesday, May 13th. Finally, Jefferies Financial Group increased their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$3,884.40.
Check Out Our Latest Report on Constellation Software
Constellation Software Trading Down 0.9%
The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. The firm has a market cap of C$65.18 billion, a price-to-earnings ratio of 67.86, a PEG ratio of 2.95 and a beta of 0.59. The business has a fifty day simple moving average of C$2,893.21 and a 200-day simple moving average of C$2,682.71.
Constellation Software (TSE:CSU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. The firm had revenue of C$4.74 billion for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. As a group, equities analysts forecast that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.
Insider Transactions at Constellation Software
In related news, Director Jamal Nizam Baksh sold 285 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the completion of the transaction, the director owned 1,307 shares in the company, valued at C$3,600,602.02. This trade represents a 17.90% decrease in their position. 5.69% of the stock is currently owned by company insiders.
About Constellation Software
(
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Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.
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