Constellation Software Inc. Announces Quarterly Dividend of $1.00 (TSE:CSU)

Key Points

• Constellation Software declared a quarterly dividend of C$1.00 per share, payable October 9 to shareholders of record on October 9; the ex-dividend date is September 18, with a reported yield of 0.1%.
• Shares opened at C$2,870.26 after falling 3.0%, while the company reported quarterly revenue of C$4.74 billion and earnings of C$18.37 per share.
• Analysts remain positive, with eight Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of C$3,884.40.

Constellation Software Inc. (TSE:CSU - Get Free Report) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Friday, October 9th will be paid a dividend of 1.00 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 18th.

Constellation Software Stock Down 3.0%

CSU stock opened at C$2,870.26 on Wednesday. The firm has a market cap of C$60.83 billion, a PE ratio of 63.32, a PEG ratio of 2.95 and a beta of 0.59. 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's 50 day moving average price is C$2,965.63 and its 200-day moving average price is C$2,758.90. Constellation Software has a one year low of C$2,196.00 and a one year high of C$4,500.00.

Constellation Software (TSE:CSU - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. The company had revenue of C$4.74 billion during the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. On average, equities research analysts anticipate that Constellation Software will post 55.4616354 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group upped their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Raymond James Financial boosted their price objective on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a "market perform" rating in a report on Wednesday, August 12th. National Bank Financial upped their target price on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Royal Bank Of Canada set a C$4,400.00 target price on shares of Constellation Software and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Finally, Desjardins lifted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$3,884.40.

Constellation Software Company Profile

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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