Constellation Software Inc. (TSE:CSU) Stock Has Average Price Target of C$3,884.40 According to Brokerages

Constellation Software Inc. (TSE:CSU) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$3,884.40.

A number of research firms have recently weighed in on CSU. Desjardins upped their price objective on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada set a C$4,400.00 target price on Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Jefferies Financial Group upped their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. Raymond James Financial increased their price target on 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. Finally, National Bank Financial boosted their price objective on Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th.

Constellation Software Stock Performance

Shares of TSE:CSU opened at C$2,981.21 on Wednesday. Constellation Software has a 1 year low of C$2,196.00 and a 1 year high of C$4,110.00. The firm has a market capitalization of C$63.18 billion, a PE ratio of 65.77, a P/E/G ratio of 2.95 and a beta of 0.59. The business’s 50 day moving average price is C$2,999.48 and its 200-day moving average price is C$2,771.89. The company has a debt-to-equity ratio of 141.06, a current ratio of 0.90 and a quick ratio of 0.55.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. The firm had revenue of C$4.74 billion for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. As a group, equities research analysts expect that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Jamal Nizam Baksh sold 149 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the transaction, the director owned 143 shares of the company’s stock, valued at C$410,585.89. This represents a 51.03% decrease in their ownership of the stock. Also, insider John Edward Billowits sold 1,200 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at approximately C$39,621,110. This represents a 8.84% decrease in their ownership of the stock. 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.