Constellation Software (TSE:CSU) Sets New 12-Month High – Here’s What Happened

Shares of Constellation Software Inc. (TSE:CSU) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$4,985.00 and last traded at C$4,985.80, with a volume of 22215 shares trading hands. The stock had previously closed at C$4,867.66.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSU. BMO Capital Markets boosted their price objective on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. CIBC lifted their target price on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. TD Securities increased their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. Finally, Raymond James boosted their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and an average target price of C$4,875.00.

Constellation Software Trading Up 0.8 %

The stock has a market cap of C$74.78 billion, a price-to-earnings ratio of 117.57, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The company has a 50 day moving average of C$4,681.03 and a 200-day moving average of C$4,513.06.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a dividend of $1.353 per share. 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 presently 13.02%.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.