Constellation Software (TSE:CSU) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Constellation Software Inc. (TSE:CSU) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2,756.00 and traded as high as C$2,997.75. Constellation Software shares last traded at C$2,959.87, with a volume of 50,680 shares trading hands.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Desjardins lifted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Raymond James Financial boosted their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group upped their price objective on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Finally, National Bank Financial raised their price objective on Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Constellation Software has a consensus rating of “Moderate Buy” and a consensus price target of C$3,884.40.

Constellation Software Stock Performance

The stock has a market cap of C$60.11 billion, a price-to-earnings ratio of 62.57, a PEG ratio of 2.95 and a beta of 0.59. The stock’s 50 day moving average is C$2,965.63 and its two-hundred day moving average is C$2,758.90. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 141.06.

Constellation Software (TSE:CSU) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. The company had revenue of C$4.74 billion for the quarter. Analysts anticipate that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, October 9th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 18th. Constellation Software’s dividend payout ratio (DPR) is presently 8.82%.

Insiders Place Their Bets

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the business’s 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 transaction, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the transaction, the insider directly owned 12,370 shares in the company, valued at C$39,621,110. This represents a 8.84% decrease in their position. Company insiders own 5.69% of the company’s stock.

About Constellation Software

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.