Constellation Software Inc. (TSE:CSU) Announces Dividend Increase – $1.38 Per Share

Constellation Software Inc. (TSE:CSU) declared a quarterly dividend on Friday, September 20th, Zacks reports. Stockholders of record on Thursday, October 10th will be paid a dividend of 1.381 per share on Thursday, October 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, September 20th. This is an increase from Constellation Software’s previous quarterly dividend of $1.38.

Constellation Software Trading Down 1.3 %

Shares of CSU opened at C$4,256.85 on Thursday. Constellation Software has a fifty-two week low of C$2,665.01 and a fifty-two week high of C$4,476.50. The business has a 50-day moving average of C$4,229.21 and a 200 day moving average of C$3,921.70. The firm has a market cap of C$90.20 billion, a P/E ratio of 102.70, a price-to-earnings-growth ratio of 1.04 and a beta of 0.81. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90.

Constellation Software (TSE:CSU) last posted its 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. The firm had revenue of C$3.38 billion during the quarter, compared to the consensus estimate of C$3.40 billion. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. As a group, research analysts forecast that Constellation Software will post 134.6 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Constellation Software news, Senior Officer John Edward Billowits sold 1,000 shares of Constellation Software stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$3,768.39, for a total transaction of C$3,768,390.00. 5.69% of the stock is owned by insiders.

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.