Constellation Software (TSE:CSU) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Constellation Software Inc. (TSE:CSU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2,647.46 and traded as high as C$3,294.20. Constellation Software shares last traded at C$3,224.99, with a volume of 114,219 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CSU shares. Raymond James Financial cut their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada decreased their price target on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. National Bank Financial upgraded shares of Constellation Software from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$3,400.00 to C$3,500.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reduced their target price on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a report on Monday, May 25th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3,823.50.

Constellation Software Stock Performance

The stock’s 50-day moving average is C$2,856.37 and its 200 day moving average is C$2,651.62. The stock has a market cap of C$68.08 billion, a price-to-earnings ratio of 91.63, a P/E/G ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55.

Constellation Software (TSE:CSU) last released its earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.42 billion for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%. As a group, analysts predict that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jamal Nizam Baksh sold 285 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the transaction, the director owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. This represents a 17.90% decrease in their ownership of the stock. 5.69% of the stock is owned by corporate insiders.

About Constellation Software

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.