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

Constellation Software Inc. (TSE:CSU) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$4,985.00 and last traded at C$4,985.80, with a volume of 22215 shares changing hands. The stock had previously closed at C$4,867.66.

Analysts Set New Price Targets

CSU has been the topic of several research analyst reports. CIBC boosted their price objective on Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. TD Securities increased their price target on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. Raymond James raised their price objective on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets lifted their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The firm has a market cap of C$75.39 billion, a P/E ratio of 118.54, a PEG ratio of 2.95 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The business’s fifty day simple moving average is C$4,656.70 and its 200-day simple moving average is C$4,501.86.

Constellation Software Cuts Dividend

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

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.