Constellation Software (TSE:CSU) Posts Earnings Results

Constellation Software (TSE:CSU) issued its quarterly earnings results on Tuesday. The company reported C$18.37 earnings per share for the quarter, FiscalAI reports. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The company had revenue of C$4.74 billion during the quarter.

Constellation Software Stock Down 2.5%

CSU stock traded down C$83.75 during midday trading on Tuesday, reaching C$3,220.61. 67,267 shares of the company’s stock traded hands, compared to its average volume of 81,675. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$4,885.92. The company has a market cap of C$68.25 billion, a price-to-earnings ratio of 91.86, a P/E/G ratio of 2.95 and a beta of 0.59. The firm’s fifty day moving average price is C$2,871.80 and its 200-day moving average price is C$2,659.13. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18.

Insiders Place Their Bets

In related news, Director Jamal Nizam Baksh sold 285 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 1,307 shares of the company’s stock, valued at approximately C$3,600,602.02. This trade represents a 17.90% decrease in their position. Insiders own 5.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CSU. Desjardins increased their target price on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets dropped their target price on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group dropped their price objective on Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. National Bank Financial raised Constellation Software from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$3,400.00 to C$3,500.00 in a research note on Wednesday, May 27th. Finally, Raymond James Financial dropped their price target on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Constellation Software has an average rating of “Moderate Buy” and an average target price of C$3,833.50.

Constellation Software Company Profile

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.