Constellation Software (TSE:CSU) Price Target Raised to C$3,800.00

Constellation Software (TSE:CSU) had its target price boosted by Raymond James Financial from C$3,500.00 to C$3,800.00 in a report issued on Monday,BayStreet reports. They currently have a market perform rating on the stock.

CSU has been the topic of a number of other research reports. National Bank Financial increased their price target on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. 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. Jefferies Financial Group boosted their price objective on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. Desjardins upped their price objective on 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, August 10th. Finally, RBC Dominion Securities set a C$4,400.00 target price on Constellation Software and gave the company an “outperform” rating in a research note on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$4,012.00.

Constellation Software Stock Performance

Shares of CSU stock opened at C$3,454.21 on Monday. Constellation Software has a one year low of C$2,196.00 and a one year high of C$3,532.73. The company’s 50-day moving average is C$3,093.72 and its 200 day moving average is C$2,802.07. The company has a market capitalization of C$73.20 billion, a price-to-earnings ratio of 76.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. The company has a debt-to-equity ratio of 133.36, a quick ratio of 0.55 and a current ratio of 0.91.

Constellation Software (TSE:CSU) last issued its earnings results on Friday, November 6th. The company reported C$14.25 earnings per share (EPS) for the quarter. The business had revenue of C$5 billion during the quarter. Constellation Software had a net margin of 7.25% and a return on equity of 24.05%. Sell-side analysts expect that Constellation Software will post 55.46 EPS for the current fiscal year.

Constellation Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 18th. Constellation Software’s payout ratio is presently 8.80%.

Insider Buying and Selling

In other Constellation Software news, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the completion of the sale, the director owned 143 shares of the company’s stock, valued at approximately C$410,585.89. The trade was a 51.03% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of Constellation Software stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the sale, the insider directly owned 12,370 shares of the company’s stock, valued at approximately C$39,621,110. This trade represents a 8.84% decrease in their position. 5.69% of the stock is owned by corporate insiders.

Recent Constellation Software Headlines

These are some of the CSU headlines that stood out recently:

• Positive Sentiment: Price targets raised by three firms: Desjardins lifted its target to C$4,100 and maintained Buy; TD raised its target to C$4,500 and maintained Buy; and Canaccord Genuity increased its target to C$4,100 with an Outperform rating. These higher targets suggest the analysts see further upside. Desjardins recommendations TD recommendations Canaccord recommendations
• Positive Sentiment: RBC Capital issued a Buy rating. The recommendation adds to the positive analyst signals, though the provided report does not specify a price target. Constellation Software receives a Buy from RBC Capital
• Neutral Sentiment: Raymond James rated CSU Hold. A separate report characterized the firm’s outlook as anticipating strong price appreciation, but the Hold rating itself signals a more cautious stance than the Buy and Outperform calls. Constellation Software receives a Hold from Raymond James Raymond James forecast coverage

Constellation Software Company Profile

Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol ‘CSU’. Constellation acquires, manages and builds vertical market software businesses.