Constellation Software (TSE:CSU) Reaches New 12-Month High – What’s Next?

Shares of Constellation Software Inc. (TSE:CSU) reached a new 52-week high during trading on Thursday . The company traded as high as C$4,987.45 and last traded at C$4,984.87, with a volume of 6216 shares traded. The stock had previously closed at C$4,877.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSU. TD Securities upped their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. BMO Capital Markets upped their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. CIBC lifted their price target on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Raymond James increased their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$4,875.00.

Constellation Software Stock Down 0.5 %

The stock has a market cap of C$74.57 billion, a price-to-earnings ratio of 117.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The firm’s fifty day moving average price is C$4,580.74 and its two-hundred day moving average price is C$4,432.95. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a dividend of $1.353 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.41 annualized dividend and a yield of 0.11%. Constellation Software’s payout ratio is 13.02%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.