Constellation Software (TSE:CSU) Sets New 1-Year High – Time to Buy?

Constellation Software Inc. (TSE:CSU)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$4,720.55 and last traded at C$4,720.55, with a volume of 2959 shares traded. The stock had previously closed at C$4,679.01.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CSU shares. BMO Capital Markets raised their target price on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. National Bankshares raised their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James lifted their price objective on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Finally, CIBC lifted their price objective on shares of 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. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4,800.00.

Constellation Software Trading Down 0.5 %

The company has a market capitalization of C$99.59 billion, a price-to-earnings ratio of 111.03, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81. The company’s 50 day simple moving average is C$4,409.78 and its two-hundred day simple moving average is C$4,171.14.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a $1.353 dividend. 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 (DPR) is 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.