Constellation Software (TSE:CSU) Announces Quarterly Earnings Results

Constellation Software (TSE:CSU) announced its earnings results on Friday. The company reported C$14.25 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$5 billion during the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%.

Constellation Software Stock Up 0.4%

Shares of TSE CSU opened at C$3,526.52 on Friday. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$3,570.01. The stock has a market capitalization of C$74.73 billion, a PE ratio of 77.80, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. The stock’s fifty day simple moving average is C$3,075.42 and its two-hundred day simple moving average is C$2,791.74. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 141.06.

Constellation Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were given a dividend of $1.00 per share. The ex-dividend date was Friday, September 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. Constellation Software’s dividend payout ratio (DPR) is presently 8.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CSU. Desjardins raised their price objective on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Raymond James Financial upped their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. National Bank Financial upped their price objective on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group lifted their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the company an “outperform” rating in a report on Wednesday, August 26th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and an average target price of C$3,931.27.

Insider Transactions at Constellation Software

In other Constellation Software news, Director Jamal Nizam Baksh sold 149 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the completion of the transaction, the director owned 143 shares of the company’s stock, valued at C$410,585.89. This represents a 51.03% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at C$39,621,110. This trade represents a 8.84% decrease in their ownership of the stock. 5.69% of the stock is currently owned by company 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.