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

Constellation Software Inc. (TSE:CSU)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4,001.39 and traded as high as C$4,428.29. Constellation Software shares last traded at C$4,416.24, with a volume of 28,410 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James upped their price target on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. CIBC lifted their target price on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada increased their target price on Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$4,275.00.

Constellation Software Trading Up 0.0 %

The company has a market cap of C$93.44 billion, a P/E ratio of 104.18, a P/E/G ratio of 2.95 and a beta of 0.81. The business has a fifty day simple moving average of C$4,295.39 and a 200 day simple moving average of C$4,009.21. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Friday, August 9th. The company reported C$31.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$29.71 by C$1.29. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. The business had revenue of C$3.38 billion for the quarter, compared to analyst estimates of C$3.40 billion. Analysts anticipate that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were issued a dividend of $1.381 per share. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Constellation Software’s previous quarterly dividend of $1.38. This represents a $5.52 annualized dividend and a dividend yield of 0.13%. Constellation Software’s dividend payout ratio is 12.95%.

About Constellation Software

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.