Constellation Software (TSE:CSU) Sets New 12-Month High - Time to Buy?

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$4,824.70 and last traded at C$4,753.02, with a volume of 53078 shares traded. The stock had previously closed at C$4,798.13.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSU. TD Securities raised their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. CIBC raised 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 report on Monday, December 9th. UBS Group upgraded shares of Constellation Software to a "strong-buy" rating in a research report on Thursday, November 21st. Raymond James raised their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their price objective on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$4,875.00.

Constellation Software Price Performance

The firm's 50 day simple moving average is C$4,546.43 and its two-hundred day simple moving average is C$4,396.84. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market capitalization of C$101.71 billion, a P/E ratio of 113.39, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software (TSE:CSU - Get Free Report) last released its earnings results on Friday, November 8th. The company reported C$27.69 earnings per share for the quarter, missing analysts' consensus estimates of C$27.98 by C($0.29). Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. During the same period in the prior year, the business posted $29.83 earnings per share. As a group, analysts predict that Constellation Software Inc. will post 55.4616354 earnings per share for the current year.

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 12.95%.

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.