Constellation Software (TSE:CSU) Sets New 1-Year High – Here’s What Happened

Constellation Software Inc. (TSE:CSU) hit a new 52-week high on Thursday . The company traded as high as C$4,987.45 and last traded at C$4,984.87, with a volume of 6216 shares. The stock had previously closed at C$4,877.00.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group upgraded Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. National Bankshares boosted their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Securities raised their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. BMO Capital Markets upped their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Finally, Raymond James increased their price target on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Performance

The business has a 50 day moving average price of C$4,580.74 and a two-hundred day moving average price of C$4,432.95. 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 company has a market cap of C$74.57 billion, a P/E ratio of 117.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

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

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.