Constellation Software (TSE:CSU) Sets New 52-Week High - What's Next?

Key Points

• Constellation Software reached a new 52-week high, trading around C$3,515 after closing previously at C$3,454.21.
• Analysts’ consensus rating is Moderate Buy, with a C$4,012 average price target; recent targets range from C$3,294 to C$4,400.
• The company reported quarterly revenue of C$5 billion and earnings of C$14.25 per share. It also declared a quarterly dividend of $1.00 per share, equivalent to a 0.1% yield.

Constellation Software Inc. (TSE:CSU - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$3,514.18 and last traded at C$3,515.16, with a volume of 19,505 shares trading hands. The stock had previously closed at C$3,454.21.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CSU. Jefferies Financial Group lifted their price objective on Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. Raymond James Financial raised their price objective on Constellation Software from C$3,500.00 to C$3,800.00 and gave the company a "market perform" rating in a research report on Monday. Canaccord Genuity Group lifted their target price on Constellation Software from C$3,700.00 to C$4,100.00 and gave the company an "outperform" rating in a research note on Tuesday. National Bank Financial upped their target price on Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada set a C$4,400.00 price objective on Constellation Software and gave the stock an "outperform" rating in a report on Wednesday, August 26th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Constellation Software presently has a consensus rating of "Moderate Buy" and a consensus target price of C$4,012.00.

Constellation Software Trading Up 1.8%

The firm has a market capitalization of C$74.49 billion, a price-to-earnings ratio of 77.34, a PEG ratio of 2.95 and a beta of 0.82. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 133.36. The business's 50-day simple moving average is C$3,093.72 and its two-hundred day simple moving average is C$2,802.07.

Constellation Software (TSE:CSU - Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported C$14.25 earnings per share for the quarter. Constellation Software had a net margin of 7.25% and a return on equity of 24.05%. The firm had revenue of C$5 billion during the quarter. Equities analysts forecast that Constellation Software Inc. will post 55.46 earnings per share for the current year.

Constellation Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, October 9th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, September 18th. Constellation Software's dividend payout ratio (DPR) is currently 8.80%.

Insider Buying and Selling

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the sale, the insider directly owned 12,370 shares of the company's stock, valued at C$39,621,110. This represents a 8.84% decrease in their position. Also, Director Jamal Nizam Baksh sold 149 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the sale, the director directly owned 143 shares of the company's stock, valued at approximately C$410,585.89. This represents a 51.03% decrease in their ownership of the stock. Company insiders own 5.69% of the company's stock.

Constellation Software Company Profile

Constellation's common shares are listed on the Toronto Stock Exchange under the symbol 'CSU'. Constellation acquires, manages and builds vertical market software businesses.

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