Constellation Software (TSE:CSU) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Constellation Software Inc. (TSE:CSU) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3,048.75 and traded as low as C$2,540.56. Constellation Software shares last traded at C$2,631.56, with a volume of 113,397 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSU. National Bank Financial boosted their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada cut their price objective on Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. BMO Capital Markets cut their price objective on Constellation Software from C$4,600.00 to C$4,200.00 in a research report on Tuesday, March 10th. Raymond James Financial lowered their target price on Constellation Software from C$4,300.00 to C$3,700.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Constellation Software from C$4,610.00 to C$4,080.00 in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$4,128.75.

Constellation Software Stock Performance

The stock has a market capitalization of C$55.66 billion, a P/E ratio of 108.76, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The company has a 50 day simple moving average of C$2,506.90 and a 200-day simple moving average of C$3,037.93. The company has a debt-to-equity ratio of 161.87, a current ratio of 0.96 and a quick ratio of 0.55.

Constellation Software (TSE:CSU) last issued its earnings results on Monday, March 9th. The company reported C$7.12 earnings per share (EPS) for the quarter. The firm had revenue of C$4.19 billion for the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%. On average, equities analysts forecast that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $1.00 dividend. The ex-dividend date was Friday, March 27th. This represents a $4.00 annualized dividend and a dividend yield of 0.2%. Constellation Software’s payout ratio is presently 16.56%.

Constellation Software Company Profile

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.