Constellation Software (TSE:CSU) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSU) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4,256.59 and traded as high as C$4,683.70. Constellation Software shares last traded at C$4,621.89, with a volume of 18,985 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. 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. UBS Group raised Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. TD Securities upped their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. CIBC boosted their price target on shares of Constellation Software from C$4,800.00 to C$5,300.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, BMO Capital Markets raised their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,875.00.

Constellation Software Price Performance

The company’s 50 day moving average price is C$4,484.56 and its 200 day moving average price is C$4,256.59. 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 company has a market cap of C$97.94 billion, a price-to-earnings ratio of 109.19, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, January 10th will be paid a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 annualized dividend 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.