Constellation Software (TSE:CSU) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4,453.18 and traded as high as C$4,923.17. Constellation Software shares last traded at C$4,870.33, with a volume of 31,511 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CSU shares. BMO Capital Markets increased their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. TD Securities boosted their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Raymond James upped their price target on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. Finally, National Bankshares lifted their price objective on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55. The firm has a market capitalization of C$73.60 billion, a price-to-earnings ratio of 115.72, a PEG ratio of 2.95 and a beta of 0.81. The business’s fifty day simple moving average is C$4,600.28 and its 200 day simple moving average is C$4,453.18.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a $1.353 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.11%. Constellation Software’s dividend payout ratio is presently 13.02%.

About Constellation Software

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.