Constellation Software (TSE:CSU) Hits New 52-Week High – Should You Buy?

Constellation Software Inc. (TSE:CSU) shares reached 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 trading hands. The stock had previously closed at C$4,867.66.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Securities raised their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. UBS Group upgraded Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. Raymond James boosted 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. Finally, CIBC upped their price objective on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Constellation Software has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Stock Up 2.5 %

The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. The stock has a market cap of C$75.39 billion, a P/E ratio of 118.54, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a 50-day simple moving average of C$4,656.70 and a two-hundred day simple moving average of C$4,501.86.

Constellation Software Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a $1.353 dividend. This represents a $5.41 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is presently 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.