Constellation Software (TSE:CSU) Shares Cross Above 200-Day Moving Average - Should You Sell?

Constellation Software Inc. (TSE:CSU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4,539.90 and traded as high as C$4,692.24. Constellation Software shares last traded at C$4,654.98, with a volume of 47,634 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada set a C$5.70 price objective on shares of Constellation Software and gave the company an "outperform" rating in a report on Friday. Raymond James upped their target price on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. CIBC boosted their price objective on Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. Finally, BMO Capital Markets raised their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Constellation Software currently has an average rating of "Moderate Buy" and a consensus target price of C$4,334.28.

Constellation Software Stock Up 2.2 %

The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm has a 50 day simple moving average of C$4,744.42 and a two-hundred day simple moving average of C$4,543.48. The company has a market capitalization of C$71.47 billion, a PE ratio of 112.38, a P/E/G ratio of 2.95 and a beta of 0.81.

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Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.00 annualized dividend and a yield of 0.08%. Constellation Software's dividend payout ratio is currently 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.