Constellation Software (TSE:CSU) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Constellation Software Inc. (TSE:CSU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4,577.64 and traded as high as C$4,735.20. Constellation Software shares last traded at C$4,682.54, with a volume of 31,570 shares trading hands.

Wall Street Analysts Forecast Growth

CSU has been the topic of several analyst reports. BMO Capital Markets increased their target price on Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th. CIBC lifted their price objective on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday, March 10th. TD Securities upgraded shares of Constellation Software from a "hold" rating to a "buy" rating and upped their target price for the stock from C$5,250.00 to C$5,550.00 in a research report on Friday, April 11th. Royal Bank of Canada set a C$5.70 price target on Constellation Software and gave the company an "outperform" rating in a report on Friday, March 21st. Finally, Raymond James boosted their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday, March 10th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$4,459.28.

Constellation Software Stock Up 2.7 %

The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The company has a market cap of C$72.08 billion, a P/E ratio of 113.34, a P/E/G ratio of 2.95 and a beta of 0.81. The stock has a 50 day moving average price of C$4,701.23 and a 200 day moving average price of C$4,585.97.

Constellation Software Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.08%. The ex-dividend date was Friday, March 28th. Constellation Software's dividend payout ratio (DPR) is presently 13.02%.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.