Constellation Software Inc. (TSE:CSU) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$4,008.33.

A number of research analysts have recently commented on CSU shares. TD Securities increased their target price on shares of Constellation Software from C$4,050.00 to C$4,150.00 and gave the stock a "hold" rating in a report on Tuesday, May 14th. Raymond James lifted their target price on shares of Constellation Software from C$3,150.00 to C$3,800.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Constellation Software from C$3,900.00 to C$4,300.00 and gave the stock an "outperform" rating in a report on Thursday, March 7th. BMO Capital Markets raised their price target on shares of Constellation Software from C$4,150.00 to C$4,300.00 and gave the stock an "outperform" rating in a report on Monday, May 13th. Finally, CIBC raised their price target on shares of Constellation Software from C$3,800.00 to C$4,100.00 and gave the stock an "outperform" rating in a report on Thursday, March 7th.

Constellation Software Price Performance

CSU traded up C$59.27 on Thursday, hitting C$3,927.50. 27,157 shares of the stock were exchanged, compared to its average volume of 29,622. Constellation Software has a 12 month low of C$2,585.25 and a 12 month high of C$3,954.35. The business has a 50-day moving average of C$3,741.45 and a two-hundred day moving average of C$3,647.56. The company has a debt-to-equity ratio of 155.36, a current ratio of 0.92 and a quick ratio of 0.55. The firm has a market capitalization of C$83.22 billion, a price-to-earnings ratio of 104.32, a PEG ratio of 1.04 and a beta of 0.80.

Constellation Software (TSE:CSU - Get Free Report) last posted its quarterly earnings data on Friday, May 10th. The company reported C$37.21 earnings per share for the quarter, topping the consensus estimate of C$23.21 by C$14.00. Constellation Software had a net margin of 6.52% and a return on equity of 9.53%. The business had revenue of C$3.17 billion during the quarter, compared to analysts' expectations of C$3.22 billion. Sell-side analysts forecast that Constellation Software will post 111.5047198 EPS for the current fiscal year.

Constellation Software Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be paid a $1.378 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $5.51 annualized dividend and a dividend yield of 0.14%. This is a positive change from Constellation Software's previous quarterly dividend of $1.36. Constellation Software's payout ratio is currently 14.47%.

Insider Activity

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of the business's stock in a transaction on Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. 5.70% of the stock is currently owned by company insiders.

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.