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

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4,316.30 and traded as high as C$4,471.10. Constellation Software shares last traded at C$4,458.44, with a volume of 22,213 shares.

Analyst Ratings Changes

CSU has been the subject of a number of research reports. Raymond James increased their price objective on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. CIBC lifted their price target 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. BMO Capital Markets upped their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. National Bankshares lifted their target price on shares of 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. Finally, UBS Group upgraded Constellation Software to a "strong-buy" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$4,875.00.

Constellation Software Trading Up 0.4 %

The firm's 50 day moving average price is C$4,517.48 and its 200-day moving average price is C$4,317.29. 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 stock has a market cap of C$94.47 billion, a P/E ratio of 105.33, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be issued a dividend of $1.353 per share. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software's 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.