Constellation Software (TSE:CSU) Shares Pass Above 200 Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2,682.71 and traded as high as C$3,131.88. Constellation Software shares last traded at C$3,075.89, with a volume of 47,970 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSU. Jefferies Financial Group raised their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Raymond James Financial increased their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. 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. Royal Bank Of Canada dropped their price objective on shares of Constellation Software from C$4,500.00 to C$4,400.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Finally, BMO Capital Markets dropped their price objective on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$3,884.40.

Constellation Software Price Performance

The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 141.06. The business’s 50-day simple moving average is C$2,895.56 and its 200 day simple moving average is C$2,685.22. The firm has a market capitalization of C$64.45 billion, a P/E ratio of 67.09, a PEG ratio of 2.95 and a beta of 0.59.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. The firm had revenue of C$4.74 billion during the quarter. Sell-side analysts forecast that Constellation Software Inc. will post 55.4616354 earnings per share for the current year.

Insider Buying and Selling

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

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.