Constellation Software (TSE:CSU) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Constellation Software Inc. (TSE:CSU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4,453.18 and traded as high as C$4,923.17. Constellation Software shares last traded at C$4,870.33, with a volume of 31,511 shares trading hands.

Wall Street Analysts Forecast Growth

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

Constellation Software Stock Down 0.3 %

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 firm has a market capitalization of C$73.60 billion, a P/E ratio of 115.72, a P/E/G ratio of 2.95 and a beta of 0.81. The stock’s 50-day simple moving average is C$4,600.28 and its 200-day simple moving average is C$4,453.18.

Constellation Software Cuts Dividend

The firm 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 of this dividend was Friday, December 20th. Constellation Software’s dividend payout ratio is presently 13.02%.

About Constellation Software

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.