Constellation Software Inc. (TSE:CSU) Receives Average Rating of “Hold” from Brokerages

Shares of Constellation Software Inc. (TSE:CSU) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, reports. Two research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$1,207.14.

Several equities research analysts have weighed in on CSU shares. Raymond James reiterated a “market perform” rating and issued a C$1,200.00 price objective on shares of Constellation Software in a report on Friday, May 3rd. BMO Capital Markets increased their price objective on Constellation Software from C$1,300.00 to C$1,400.00 in a report on Tuesday. CIBC increased their price objective on Constellation Software from C$1,250.00 to C$1,350.00 in a report on Friday, July 26th. Finally, Royal Bank of Canada increased their price objective on Constellation Software from C$1,350.00 to C$1,450.00 and gave the stock an “outperform” rating in a report on Wednesday.

TSE CSU traded down C$20.78 on Monday, hitting C$1,264.99. The company’s stock had a trading volume of 32,400 shares, compared to its average volume of 44,709. Constellation Software has a 52-week low of C$814.32 and a 52-week high of C$1,320.31. The company has a debt-to-equity ratio of 99.82, a quick ratio of 0.47 and a current ratio of 0.63. The firm’s 50-day simple moving average is C$1,246.16. The firm has a market capitalization of $26.81 billion and a price-to-earnings ratio of 66.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be paid a $1.319 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, September 13th. This is a boost from Constellation Software’s previous quarterly dividend of $1.00. Constellation Software’s dividend payout ratio (DPR) is presently 20.98%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The Public Sector segment develops and distributes software solutions primarily to government and government-related customers.

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