Insider Buying: Constellation Software (TSE:CSU) Insider Acquires 275 Shares of Stock

Key Points

• Insider Transaction: Mark Robert Miller, an insider at Constellation Software, acquired 275 shares at an average price of C$3,695.14, increasing his ownership to 11,753 shares worth over C$43 million.
• Dividends Declared: Constellation Software announced a quarterly dividend of $1.00 per share, with an ex-dividend date of September 19th and an annualized yield of 0.1%.
• Analyst Ratings: National Bankshares downgraded the stock from "outperform" to "sector perform," while TD Securities and Royal Bank of Canada maintained positive ratings with targets of C$5,700.00 and C$6,000.00, respectively.

Constellation Software Inc. (TSE:CSU - Get Free Report) insider Mark Robert Miller acquired 275 shares of the stock in a transaction on Friday, September 26th. The shares were acquired at an average price of C$3,695.14 per share, with a total value of C$1,016,163.50. Following the purchase, the insider owned 11,753 shares in the company, valued at C$43,428,980.42. This represents a 2.40% increase in their ownership of the stock.

Constellation Software Stock Performance

Shares of TSE:CSU traded up C$127.69 on Friday, reaching C$4,029.53. 80,106 shares of the company's stock were exchanged, compared to its average volume of 39,458. 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 Inc. has a fifty-two week low of C$3,390.01 and a fifty-two week high of C$5,300.00. The business's 50-day moving average is C$4,413.14 and its two-hundred day moving average is C$4,693.31. The firm has a market capitalization of C$85.39 billion, a price-to-earnings ratio of 133.25, a PEG ratio of 2.95 and a beta of 0.77.

Constellation Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 19th. Constellation Software's payout ratio is 13.23%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. National Bankshares lowered shares of Constellation Software from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$5,500.00 to C$4,500.00 in a research report on Friday, September 26th. TD Securities set a C$5,700.00 price target on Constellation Software and gave the company a "buy" rating in a report on Thursday, September 25th. Royal Bank Of Canada increased their price objective on Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. National Bank Financial cut Constellation Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. Finally, BMO Capital Markets reduced their target price on Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Constellation Software presently has an average rating of "Moderate Buy" and a consensus price target of C$5,450.00.

About Constellation Software

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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