Constellation Software (TSE:CSU) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Constellation Software Inc. (TSE:CSU) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,688.74 and traded as low as C$3,882.65. Constellation Software shares last traded at C$3,897.60, with a volume of 43,805 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada upped their price target on Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an “outperform” rating in a report on Monday, August 11th. TD Securities set a C$5,700.00 target price on Constellation Software and gave the stock a “buy” rating in a research report on Thursday, September 25th. BMO Capital Markets reduced their target price on Constellation Software from C$5,700.00 to C$5,400.00 in a report on Monday, August 11th. National Bankshares cut Constellation Software from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$5,500.00 to C$4,500.00 in a research note on Friday, September 26th. Finally, National Bank Financial downgraded Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$5,450.00.

Constellation Software Price Performance

The company has a market cap of C$82.60 billion, a PE ratio of 128.89, a price-to-earnings-growth ratio of 2.95 and a beta of 0.56. The stock has a fifty day moving average price of C$4,394.24 and a 200-day moving average price of C$4,688.74. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55.

Constellation Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, September 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.1%. Constellation Software’s dividend payout ratio (DPR) is presently 13.23%.

Insiders Place Their Bets

In other Constellation Software news, insider Mark Robert Miller bought 275 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were bought at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the acquisition, the insider directly owned 11,753 shares of the company’s stock, valued at approximately C$43,428,980.42. This trade represents a 2.40% increase in their ownership of the stock. 5.69% of the stock is currently owned by company insiders.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.