Raymond James Financial Has Lowered Expectations for Constellation Software (TSE:CSU) Stock Price

Key Points

• Raymond James cut its price target on Constellation Software from C$5,250 to C$4,300, implying roughly a 30.7% upside from the prior close.
• Consensus among analysts is a Moderate Buy with an average target of C$4,897.14 (1 Strong Buy, 5 Buy, 2 Hold).
• Shares slid about 2.8% to C$3,290.71 on elevated volume and trade at a high valuation (PE ~108.8), though insider Mark Robert Miller recently bought shares, bringing insider ownership to 5.69%.

Constellation Software (TSE:CSU - Get Free Report) had its target price lowered by stock analysts at Raymond James Financial from C$5,250.00 to C$4,300.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial's price objective indicates a potential upside of 30.67% from the stock's previous close.

Other research analysts have also issued research reports about the company. TD Securities set a C$5,700.00 price target on Constellation Software and gave the stock a "buy" rating in a research report on Thursday, September 25th. BMO Capital Markets dropped their target price on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. Desjardins upgraded shares of Constellation Software to a "moderate buy" rating in a research report on Thursday, October 30th. CIBC upped their price objective on Constellation Software from C$5,450.00 to C$5,480.00 and gave the stock an "outperform" rating in a report on Wednesday, October 29th. Finally, National Bank Financial lowered shares of Constellation Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Constellation Software currently has an average rating of "Moderate Buy" and an average target price of C$4,897.14.

Constellation Software Stock Down 2.8%

TSE:CSU traded down C$95.05 during mid-day trading on Monday, hitting C$3,290.71. The stock had a trading volume of 91,577 shares, compared to its average volume of 41,947. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The stock has a 50-day simple moving average of C$3,991.59 and a two-hundred day simple moving average of C$4,545.04. The company has a market capitalization of C$69.74 billion, a PE ratio of 108.82, a PEG ratio of 2.95 and a beta of 0.58. Constellation Software has a twelve month low of C$3,183.37 and a twelve month high of C$5,300.00.

Insider Transactions at Constellation Software

In related news, insider Mark Robert Miller bought 275 shares of the stock in a transaction on Friday, September 26th. The shares were purchased 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 approximately C$43,428,980.42. This represents a 2.40% increase in their ownership of the stock. Company insiders own 5.69% of the company's stock.

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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