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

Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3,967.41 and traded as high as C$4,355.79. Constellation Software shares last traded at C$4,315.10, with a volume of 25,787 shares changing hands.

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Wall Street Analyst Weigh In

CSU has been the topic of several research reports. CIBC upped their price target on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Royal Bank of Canada boosted their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Finally, Raymond James boosted their target price on shares of Constellation Software from C$3,800.00 to C$4,250.00 and gave the company a "market perform" rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$4,275.00.

Read Our Latest Analysis on Constellation Software

Constellation Software Stock Performance

The firm's 50 day simple moving average is C$4,262.87 and its 200-day simple moving average is C$3,967.41. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The company has a market capitalization of C$92.26 billion, a price-to-earnings ratio of 104.43, a P/E/G ratio of 1.04 and a beta of 0.81.

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Constellation Software (TSE:CSU - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported C$31.00 EPS for the quarter, beating the consensus estimate of C$29.71 by C$1.29. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. The business had revenue of C$3.38 billion for the quarter, compared to analysts' expectations of C$3.40 billion. Analysts expect that Constellation Software Inc. will post 133.9698183 EPS for the current year.

Constellation Software Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th will be issued a dividend of $1.381 per share. This is a boost from Constellation Software's previous quarterly dividend of $1.38. This represents a $5.52 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Friday, September 20th. Constellation Software's payout ratio is currently 13.14%.

About Constellation Software

(Get Free Report)

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.

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