Constellation Software (TSE:CSU) Reaches New 1-Year Low – Here’s What Happened

Constellation Software Inc. (TSE:CSU)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$3,180.01 and last traded at C$3,193.49, with a volume of 31961 shares trading hands. The stock had previously closed at C$3,238.35.

Analyst Ratings Changes

A number of analysts recently issued reports on CSU shares. National Bankshares downgraded Constellation Software from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$5,500.00 to C$4,500.00 in a research report on Friday, September 26th. Jefferies Financial Group dropped their price target on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a research report on Monday, November 10th. BMO Capital Markets decreased their price objective on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a report on Monday, November 10th. Royal Bank Of Canada lowered their price objective on shares of Constellation Software from C$6,000.00 to C$5,600.00 in a research report on Monday, November 10th. Finally, Desjardins raised Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$4,897.14.

Constellation Software Trading Down 1.2%

The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The company has a market cap of C$67.81 billion, a PE ratio of 98.76, a P/E/G ratio of 2.95 and a beta of 0.58. The company has a fifty day simple moving average of C$3,810.26 and a two-hundred day simple moving average of C$4,462.95.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$9.89 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 27.34% and a net margin of 6.57%.The business had revenue of C$4.10 billion during the quarter. Analysts anticipate that Constellation Software Inc. will post 55.4616354 EPS for the current year.

Constellation Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, October 10th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, September 19th. Constellation Software’s payout ratio is 12.35%.

Insider Activity at Constellation Software

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

Constellation Software Company Profile

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.