Constellation Software (TSE:CSU) Reaches New 52-Week High – Still a Buy?

Constellation Software Inc. (TSE:CSU)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$4,824.70 and last traded at C$4,753.02, with a volume of 53078 shares changing hands. The stock had previously closed at C$4,798.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSU. TD Securities raised their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. 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 note on Monday, November 11th. Raymond James raised their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Finally, CIBC increased their price target on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The company’s fifty day moving average price is C$4,538.89 and its 200 day moving average price is C$4,387.10. The company has a market capitalization of C$100.72 billion, a P/E ratio of 112.28, a PEG 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.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, November 8th. The company reported C$27.69 EPS for the quarter, missing the consensus estimate of C$27.98 by C($0.29). Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. During the same quarter in the prior year, the firm earned $29.83 EPS. As a group, sell-side analysts forecast that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a $1.353 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.11%. 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.