CIBC Cuts Constellation Software (TSE:CSU) Price Target to C$5,260.00

Constellation Software (TSE:CSU) had its price objective lowered by CIBC from C$5,480.00 to C$5,260.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group dropped their target price on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a report on Monday, November 10th. Raymond James Financial dropped their price objective on Constellation Software from C$5,250.00 to C$4,300.00 in a research note on Monday, November 10th. Royal Bank Of Canada reduced their target price on Constellation Software from C$6,000.00 to C$5,600.00 in a research note on Monday, November 10th. TD Securities decreased their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. Finally, National Bank Financial cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$4,865.71.

Constellation Software Stock Performance

Shares of CSU opened at C$3,315.00 on Monday. The firm has a market cap of C$70.25 billion, a P/E ratio of 102.31, a PEG ratio of 2.95 and a beta of 0.47. Constellation Software has a twelve month low of C$3,155.60 and a twelve month high of C$5,300.00. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The firm’s 50 day moving average price is C$3,490.67 and its two-hundred day moving average price is C$4,222.75.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$9.89 EPS for the quarter. The business had revenue of C$4.10 billion for the quarter. Constellation Software had a net margin of 6.57% and a return on equity of 27.34%. On average, analysts forecast that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Constellation Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, January 12th will be given 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, December 19th. Constellation Software’s dividend payout ratio (DPR) is 12.35%.

Insider Buying and Selling at Constellation Software

In other Constellation Software news, insider Mark Robert Miller purchased 275 shares of the stock in a transaction on Friday, September 26th. The shares were purchased at an average price of C$3,695.14 per share, with a total value of C$1,016,163.50. Following the acquisition, the insider directly owned 11,753 shares in the company, valued at approximately C$43,428,980.42. The trade was a 2.40% increase in their position. Also, insider Barry Alan Symons sold 2,500 shares of Constellation Software stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the sale, the insider owned 57,000 shares of the company’s stock, valued at approximately C$188,342,250. This trade represents a 4.20% decrease in their position. 5.69% of the stock is currently owned by company insiders.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.