Constellation Software (TSE:CSU) Posts Quarterly Earnings Results

Constellation Software (TSE:CSU) released its quarterly earnings results on Tuesday. The company reported C$18.37 earnings per share (EPS) for the quarter, FiscalAI reports. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The company had revenue of C$4.74 billion during the quarter.

Constellation Software Trading Down 4.5%

Constellation Software stock opened at C$3,075.41 on Thursday. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91. The business’s 50-day simple moving average is C$2,885.01 and its 200-day simple moving average is C$2,665.30. The firm has a market capitalization of C$65.17 billion, a PE ratio of 87.72, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$4,712.00.

Wall Street Analyst Weigh In

CSU has been the subject of several analyst reports. TD boosted their target price on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada lowered their price target on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Jefferies Financial Group dropped their price target on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. Desjardins lifted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$3,863.50.

Insider Buying and Selling at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the completion of the sale, the director owned 1,307 shares in the company, valued at C$3,600,602.02. This represents a 17.90% decrease in their position. Corporate insiders own 5.69% of the company’s stock.

Constellation Software Company Profile

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.