Constellation Software (TSE:CSU) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2,707.06 and traded as high as C$2,829.26. Constellation Software shares last traded at C$2,788.32, with a volume of 41,429 shares changing hands.

Analyst Ratings Changes

CSU has been the topic of several recent analyst reports. UBS Group cut their target price on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. Canadian Imperial Bank of Commerce lowered their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Royal Bank Of Canada cut their price objective on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. BMO Capital Markets reduced their price objective on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Desjardins decreased their target price on shares of Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,823.50.

Constellation Software Price Performance

The company has a 50 day moving average of C$2,733.53 and a two-hundred day moving average of C$2,707.06. The firm has a market cap of C$59.09 billion, a P/E ratio of 79.53, a PEG ratio of 2.95 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18.

Constellation Software (TSE:CSU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. The firm had revenue of C$4.42 billion for the quarter. Sell-side analysts expect that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Insider Buying and Selling

In related news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the completion of the sale, the director directly owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. This represents a 17.90% decrease in their ownership of the stock. 5.69% of the stock is currently owned by corporate 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.