Constellation Software (TSE:CSU) Releases Earnings Results

Constellation Software (TSE:CSU) posted its quarterly earnings data on Tuesday. The company reported C$18.37 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$4.74 billion during the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%.

Constellation Software Stock Performance

Shares of TSE:CSU opened at C$3,220.61 on Wednesday. The business’s fifty day moving average price is C$2,878.51 and its two-hundred day moving average price is C$2,662.75. Constellation Software has a fifty-two week low of C$2,196.00 and a fifty-two week high of C$4,885.92. The stock has a market capitalization of C$68.25 billion, a price-to-earnings ratio of 91.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55.

Analyst Upgrades and Downgrades

Several research firms recently commented on CSU. Canadian Imperial Bank of Commerce cut their target price on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. TD lifted their price target on shares of 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. Desjardins boosted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada dropped their price objective on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and an average price target of C$3,833.50.

Insider Activity

In other news, Director Jamal Nizam Baksh sold 285 shares of the business’s stock in a transaction on 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 sale, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their position. 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.