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Constellation Software (TSE:CSU) Shares Pass Above 200-Day Moving Average - Here's What Happened

Constellation Software logo with Computer and Technology background

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,773.15 and traded as high as C$4,970.00. Constellation Software shares last traded at C$4,959.37, with a volume of 26,444 shares trading hands.

Analyst Upgrades and Downgrades

CSU has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Constellation Software from C$5,350.00 to C$5,850.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. TD Securities boosted their price objective on shares of Constellation Software from C$5,500.00 to C$5,600.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets upped their price objective on Constellation Software from C$5,500.00 to C$5,700.00 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada set a C$5.70 target price on Constellation Software and gave the company an "outperform" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Constellation Software presently has an average rating of "Buy" and a consensus target price of C$4,693.67.

Get Our Latest Stock Analysis on CSU

Constellation Software Price Performance

The stock has a market capitalization of C$75.21 billion, a PE ratio of 118.26, a PEG ratio of 2.95 and a beta of 0.81. The firm's fifty day moving average price is C$4,945.91 and its two-hundred day moving average price is C$4,775.52. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Friday, June 20th. Constellation Software's dividend payout ratio (DPR) is presently 13.02%.

Constellation Software Company Profile

(Get Free Report)

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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