Constellation Software (TSE:CSU) Hits New 52-Week High – Time to Buy?

Shares of Constellation Software Inc. (TSE:CSU) reached a new 52-week high on Tuesday . The stock traded as high as C$4,879.19 and last traded at C$4,738.54, with a volume of 2938 shares traded. The stock had previously closed at C$4,790.30.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSU shares. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. Raymond James lifted their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. National Bankshares boosted their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. CIBC increased their price target on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, BMO Capital Markets increased their price objective on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Two 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$4,800.00.

Constellation Software Trading Up 1.8 %

The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market capitalization of C$100.35 billion, a P/E ratio of 111.87, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The firm has a fifty day simple moving average of C$4,436.35 and a two-hundred day simple moving average of C$4,204.21.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $1.353 dividend. This represents a $5.41 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is 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.