Constellation Software (TSE:CSU) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Constellation Software Inc. (TSE:CSU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4,293.84 and traded as high as C$4,547.45. Constellation Software shares last traded at C$4,547.45, with a volume of 4,213 shares.

Analyst Ratings Changes

Several brokerages have recently commented on CSU. TD Securities increased their price target on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. National Bankshares lifted 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. CIBC upped their price target on Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. BMO Capital Markets boosted 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. Finally, UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market capitalization of C$96.36 billion, a price-to-earnings ratio of 107.43, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The business’s 50 day simple moving average is C$4,507.41 and its 200-day simple moving average is C$4,293.84.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, January 10th will be given a $1.353 dividend. This represents a $5.41 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio is currently 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.