Constellation Software (TSE:CSU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Constellation Software Inc. (TSE:CSU) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,683.49 and traded as high as C$2,868.00. Constellation Software shares last traded at C$2,825.42, with a volume of 51,160 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CSU shares. BMO Capital Markets reduced their price objective on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their price objective on Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. National Bank Financial upgraded Constellation Software from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. Desjardins lowered their price target on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, UBS Group lowered their target price on shares of Constellation Software from C$4,500.00 to C$4,250.00 in a report on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$3,823.50.

Constellation Software Trading Down 0.9%

The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18. The business’s fifty day moving average is C$2,774.76 and its two-hundred day moving average is C$2,684.31. The firm has a market cap of C$59.35 billion, a price-to-earnings ratio of 79.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59.

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

Insiders Place Their Bets

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the company’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 transaction 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 position. Corporate insiders own 5.69% of the company’s stock.

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.