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

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4,748.36 and traded as high as C$5,058.39. Constellation Software shares last traded at C$5,030.09, with a volume of 18,865 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James Financial upped their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. BMO Capital Markets upped their price objective on Constellation Software from C$5,500.00 to C$5,700.00 in a research note on Thursday, May 22nd. TD Securities upped their price objective on Constellation Software from C$5,500.00 to C$5,600.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada set a C$5.70 price objective on Constellation Software and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, Jefferies Financial Group upped their price objective on Constellation Software from C$5,350.00 to C$5,850.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$4,693.67.

Constellation Software Stock Performance

The firm has a market capitalization of C$75.54 billion, a P/E ratio of 118.78, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The stock has a 50-day moving average of C$4,953.29 and a 200 day moving average of C$4,758.86. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93.

Constellation Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, July 11th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.08%. Constellation Software's payout ratio is 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.