Constellation Software (TSE:CSU) Reaches New 1-Year High – Here’s Why

Constellation Software Inc. (TSE:CSU) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$4,879.19 and last traded at C$4,738.54, with a volume of 2938 shares. The stock had previously closed at C$4,790.30.

Analyst Upgrades and Downgrades

CSU has been the subject of a number of research analyst reports. Raymond James lifted their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. BMO Capital Markets lifted their price objective on Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. UBS Group raised Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. National Bankshares upped 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, CIBC raised their target price on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Constellation Software has a consensus rating of “Moderate Buy” and an average target price of C$4,800.00.

Constellation Software Stock Down 1.8 %

The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The firm has a market capitalization of C$99.69 billion, a PE ratio of 113.17, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The firm has a 50-day moving average of C$4,416.54 and a two-hundred day moving average of C$4,182.08.

Constellation Software Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a dividend of $1.353 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $5.41 annualized dividend and a yield of 0.12%. Constellation Software’s dividend payout ratio is currently 12.95%.

Constellation Software Company Profile

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.