Constellation Software (TSE:CSU) Issues Quarterly Earnings Results

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

Constellation Software Stock Performance

TSE:CSU opened at C$3,526.52 on Friday. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$3,570.01. The firm has a market cap of C$74.73 billion, a price-to-earnings ratio of 77.80, a PEG ratio of 2.95 and a beta of 0.82. The business’s fifty day moving average is C$3,075.42 and its 200 day moving average is C$2,791.74.

Constellation Software Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Desjardins upped their price objective on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a report on Monday, August 10th. RBC Dominion Securities set a C$4,400.00 target price on shares of Constellation Software and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Raymond James Financial boosted 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 research report on Wednesday, August 12th. Jefferies Financial Group boosted their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Finally, National Bank Financial upped their price target on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$3,931.27.

Insider Transactions at Constellation Software

In other Constellation Software news, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction 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. The trade was a 51.03% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of Constellation Software stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at C$39,621,110. The trade was a 8.84% decrease in their position. Corporate insiders own 5.69% of the company’s stock.

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.