Constellation Software (TSE:CSU) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Constellation Software Inc. (TSE:CSU - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4,293.84 and traded as high as C$4,547.45. Constellation Software shares last traded at C$4,547.45, with a volume of 4,213 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on CSU. 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. National Bankshares increased their price objective on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. UBS Group raised shares of Constellation Software to a "strong-buy" rating in a research note on Thursday, November 21st. Raymond James upped 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. Finally, TD Securities raised their price objective on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Constellation Software has an average rating of "Moderate Buy" and a consensus price target of C$4,875.00.

Constellation Software Trading Down 0.3 %

The firm has a market capitalization of C$96.09 billion, a PE ratio of 107.13, a PEG ratio of 2.95 and a beta of 0.81. 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's fifty day moving average is C$4,509.49 and its two-hundred day moving average is C$4,295.52.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, January 10th will be issued a $1.353 dividend. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Friday, December 20th. Constellation Software's dividend payout ratio (DPR) is currently 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.