Constellation Software (TSE:CSU) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Constellation Software shares rose above their 200-day moving average, reaching C$2,816.09 before last trading at C$2,785.32. The stock was up 0.5% and traded 87,309 shares.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus and an average price target of C$3,884.40, well above its recent trading level.
• The company reported C$18.37 in quarterly EPS on C$4.74 billion in revenue and announced a quarterly dividend of C$1.00, equivalent to a C$4.00 annualized payout and a 0.1% yield.

Constellation Software Inc. (TSE:CSU - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2,766.05 and traded as high as C$2,816.09. Constellation Software shares last traded at C$2,785.32, with a volume of 87,309 shares traded.

Analyst Ratings Changes

CSU has been the topic of several research reports. National Bank Financial upped their price target 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 note on Thursday, August 13th. Raymond James Financial lifted their price objective on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the company an "outperform" rating in a report on Wednesday, August 26th. Jefferies Financial Group increased their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Finally, Desjardins raised their target price on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Constellation Software currently has an average rating of "Moderate Buy" and a consensus target price of C$3,884.40.

Constellation Software Trading Up 0.5%

The stock has a market capitalization of C$59.03 billion, a P/E ratio of 61.45, a P/E/G ratio of 2.95 and a beta of 0.59. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 141.06. The business has a 50-day moving average price of C$2,971.09 and a two-hundred day moving average price of C$2,766.05.

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

Constellation Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, October 9th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 18th. Constellation Software's dividend payout ratio (DPR) is currently 8.82%.

Insider Activity at Constellation Software

In other news, insider John Edward Billowits sold 1,200 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were 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 owned 12,370 shares of the company's stock, valued at approximately C$39,621,110. This represents a 8.84% decrease in their position. Insiders own 5.69% of the company's stock.

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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