RBC Dominion Securities Analysts Give Constellation Software (TSE:CSU) a C$4,400.00 Price Target

RBC Dominion Securities set a C$4,400.00 price objective on Constellation Software (TSE:CSU) in a research note issued to investors on Friday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on CSU. Desjardins boosted their price objective on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada set a C$4,400.00 price objective on Constellation Software and gave the company an “outperform” rating in a report on Wednesday, August 26th. Jefferies Financial Group raised their target price on Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. National Bank Financial lifted their target price on Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Raymond James Financial lifted their target price on Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and a consensus target price of C$3,931.27.

Constellation Software Stock Performance

CSU opened at C$3,395.00 on Friday. Constellation Software has a fifty-two week low of C$2,196.00 and a fifty-two week high of C$3,898.03. The company has a debt-to-equity ratio of 141.06, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market capitalization of C$71.95 billion, a price-to-earnings ratio of 74.90, a PEG ratio of 2.95 and a beta of 0.72. The company’s 50 day moving average price is C$3,004.28 and its two-hundred day moving average price is C$2,843.69.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The firm had revenue of C$4.74 billion during the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. As a group, research analysts predict that Constellation Software will post 55.46 earnings per share for the current year.

Constellation Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, September 18th. Constellation Software’s payout ratio is presently 8.82%.

Insider Activity at Constellation Software

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at approximately C$39,621,110. The trade was a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the sale, the director directly owned 143 shares of the company’s stock, valued at approximately C$410,585.89. This trade represents a 51.03% decrease in their position. 5.69% of the stock is currently owned by 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.