Constellation Software (TSE:CSU) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Constellation Software Inc. (TSE:CSU - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4,136.76 and traded as high as C$4,504.49. Constellation Software shares last traded at C$4,503.07, with a volume of 19,667 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. CIBC upped their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. National Bankshares upped their price objective on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. TD Securities upped 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. Raymond James upped their price objective on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$4,800.00.

Constellation Software Stock Performance

The company has a 50 day simple moving average of C$4,365.96 and a 200 day simple moving average of C$4,136.76. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81. The stock has a market cap of C$95.42 billion, a price-to-earnings ratio of 106.38, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $1.353 dividend. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Friday, December 20th. Constellation Software's dividend payout ratio is currently 12.95%.

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.