Constellation Software (TSE:CSU) Reaches New 12-Month High – Still a Buy?

Constellation Software Inc. (TSE:CSU) hit a new 52-week high during trading on Thursday . The company traded as high as C$4,640.91 and last traded at C$4,613.70, with a volume of 10438 shares trading hands. The stock had previously closed at C$4,503.07.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Raymond James boosted their price target 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 Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11th. National Bankshares lifted their price target on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC increased their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, TD Securities lifted their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Trading Up 3.1 %

The stock’s 50 day moving average is C$4,365.96 and its 200-day moving average is C$4,136.76. 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 company has a market capitalization of C$98.42 billion, a P/E ratio of 106.38, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The company 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 of this dividend is Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. Constellation Software’s dividend payout ratio is presently 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.