Constellation Software (TSE:CSU) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Constellation Software shares rose above their 200-day moving average, reaching C$2,997.75 before last trading at C$2,959.87, compared with a 200-day average of C$2,756.00.
• Analyst sentiment remains positive: eight analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$3,884.40.
• The company reported quarterly EPS of C$18.37 and revenue of C$4.74 billion, while insiders recently sold shares; insiders currently own 5.69% of the company.

Constellation Software Inc. (TSE:CSU - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2,756.00 and traded as high as C$2,997.75. Constellation Software shares last traded at C$2,959.87, with a volume of 50,680 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSU. Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Raymond James Financial raised their target price 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 research report on Wednesday, August 12th. National Bank Financial boosted their target price on shares of 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. Jefferies Financial Group upped their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. Finally, Desjardins increased their price target on Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$3,884.40.

Constellation Software Price Performance

The company has a 50 day moving average price of C$2,965.19 and a 200-day moving average price of C$2,756.00. The company has a market cap of C$62.73 billion, a price-to-earnings ratio of 65.30, a P/E/G ratio of 2.95 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 141.06.

Constellation Software (TSE:CSU - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. The business had revenue of C$4.74 billion for the quarter. As a group, equities research analysts predict that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Insider Buying and Selling at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of the business's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the sale, the director owned 1,307 shares of the company's stock, valued at C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. Also, insider John Edward Billowits sold 1,200 shares of the business's stock in a transaction 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 in the company, valued at approximately C$39,621,110. This represents a 8.84% decrease in their position. 5.69% of the stock is currently owned by company insiders.

About Constellation Software

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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