Constellation Software (TSE:CSU) Stock Crosses Above 200-Day Moving Average – What’s Next?

Constellation Software Inc. (TSE:CSU) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4,136.76 and traded as high as C$4,504.49. Constellation Software shares last traded at C$4,503.07, with a volume of 19,667 shares trading hands.

Wall Street Analysts Forecast Growth

CSU has been the topic of a number of recent research reports. 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 raised their price objective on shares of 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. Raymond James boosted their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. BMO Capital Markets raised their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. Finally, National Bankshares upped their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of C$4,800.00.

Constellation Software Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The company has a market cap of C$95.42 billion, a PE ratio of 106.38, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The firm’s fifty day moving average is C$4,365.96 and its 200 day moving average is C$4,136.76.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. Constellation Software’s dividend payout ratio (DPR) is presently 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.