Constellation Software (TSE:CSU) Director Sells C$785,135.10 in Stock

Constellation Software Inc. (TSE:CSU) Director Jamal Nizam Baksh sold 285 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the transaction, the director directly owned 1,307 shares in the company, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their ownership of the stock.

Constellation Software Price Performance

CSU traded up C$79.00 during midday trading on Tuesday, hitting C$2,781.00. The stock had a trading volume of 23,319 shares, compared to its average volume of 87,261. The company has a market cap of C$58.93 billion, a P/E ratio of 79.32, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. The business has a fifty day moving average of C$2,675.22 and a 200 day moving average of C$2,751.96. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91. Constellation Software Inc. has a 1 year low of C$2,196.00 and a 1 year high of C$5,060.70.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. The firm had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, equities analysts forecast that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given 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, March 27th. Constellation Software’s dividend payout ratio (DPR) is presently 11.41%.

Analyst Upgrades and Downgrades

CSU has been the topic of a number of recent research reports. Raymond James Financial reduced their price objective on Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. TD lifted their price target on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. National Bank Financial upgraded Constellation Software from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. Canadian Imperial Bank of Commerce dropped their price objective on Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. Finally, Desjardins lowered their price target on shares of Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$3,823.50.

Constellation Software Company Profile

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.