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

Constellation Software Inc. (TSE:CSU)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4,987.45 and last traded at C$4,984.87, with a volume of 6216 shares changing hands. The stock had previously closed at C$4,877.00.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSU. UBS Group upgraded Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. National Bankshares boosted their target price on 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. TD Securities upped their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Finally, Raymond James upped their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. 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’s stock. Based on data from MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and an average price target of C$4,875.00.

Constellation Software Stock Performance

The firm has a 50 day moving average of C$4,570.95 and a two-hundred day moving average of C$4,425.69. The stock has a market cap of C$74.56 billion, a P/E ratio of 117.23, a P/E/G 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.

Constellation Software Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a $1.353 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.41 annualized dividend and a yield of 0.11%. Constellation Software’s dividend payout ratio (DPR) is 13.02%.

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.