Constellation Software Inc. Declares Quarterly Dividend of $1.28 (TSE:CSU)

Constellation Software Inc. (TSE:CSU – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Tuesday, September 20th will be given a dividend of 1.28 per share on Tuesday, October 11th. This represents a $5.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Monday, September 19th.

Constellation Software Price Performance

Shares of CSU stock traded down C$18.30 during mid-day trading on Friday, hitting C$2,150.51. 44,916 shares of the stock were exchanged, compared to its average volume of 35,749. The firm has a fifty day moving average of C$1,964.75 and a 200 day moving average of C$2,048.21. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 95.97. Constellation Software has a 52-week low of C$1,793.93 and a 52-week high of C$2,385.80. The company has a market cap of C$45.57 billion and a PE ratio of 85.20.

Constellation Software (TSE:CSU – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported C$15.80 earnings per share (EPS) for the quarter, missing the consensus estimate of C$16.61 by C($0.81). The firm had revenue of C$2.07 billion for the quarter, compared to analyst estimates of C$1.99 billion. Research analysts anticipate that Constellation Software will post 84.9100024 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CSU has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Constellation Software from C$2,400.00 to C$2,450.00 in a research report on Friday. Raymond James set a C$2,400.00 price target on shares of Constellation Software and gave the stock a “market perform” rating in a research report on Thursday, May 5th. Royal Bank of Canada reduced their price target on shares of Constellation Software from C$2,700.00 to C$2,600.00 and set an “outperform” rating for the company in a research report on Friday. Finally, CIBC reduced their price target on shares of Constellation Software from C$2,900.00 to C$2,450.00 and set an “outperform” rating for the company in a research report on Friday, May 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Constellation Software currently has an average rating of “Hold” and an average target price of C$2,407.14.

About Constellation Software

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Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.