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

Constellation Software Inc. (TSE:CSU) reached a new 52-week high during trading on Friday . The stock traded as high as C$4,442.39 and last traded at C$4,439.97, with a volume of 3859 shares trading hands. The stock had previously closed at C$4,431.07.

Wall Street Analysts Forecast Growth

CSU has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. CIBC upped their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Finally, Raymond James lifted their target price on Constellation Software from C$3,800.00 to C$4,250.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$4,275.00.

Constellation Software Trading Down 0.0 %

The firm has a market cap of C$93.89 billion, a P/E ratio of 104.68, a P/E/G ratio of 2.95 and a beta of 0.81. The stock has a 50 day simple moving average of C$4,309.84 and a 200-day simple moving average of C$4,020.44. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Friday, August 9th. The company reported C$31.00 earnings per share for the quarter, topping the consensus estimate of C$29.71 by C$1.29. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. The company had revenue of C$3.38 billion for the quarter, compared to analysts’ expectations of C$3.40 billion. On average, equities research analysts expect that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were given a dividend of $1.381 per share. The ex-dividend date was Friday, September 20th. This is an increase from Constellation Software’s previous quarterly dividend of $1.38. This represents a $5.52 dividend on an annualized basis and a yield of 0.12%. 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.