Constellation Software (TSE:CSU) Given New C$3,800.00 Price Target at Raymond James Financial

Constellation Software (TSE:CSU) had its price target lifted by investment analysts at Raymond James Financial from C$3,500.00 to C$3,800.00 in a research note issued on Monday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s price target would indicate a potential upside of 14.27% from the company’s current price.

Several other equities research analysts also recently weighed in on CSU. Jefferies Financial Group increased their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. RBC Dominion Securities set a C$4,400.00 price objective on Constellation Software and gave the company an “outperform” rating in a report on Friday, October 23rd. National Bank Financial upped their price objective on Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Desjardins upped their price objective on Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada set a C$4,400.00 target price on Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$3,958.55.

Constellation Software Trading Down 5.7%

Constellation Software stock traded down C$201.07 during midday trading on Monday, reaching C$3,325.45. The stock had a trading volume of 57,724 shares, compared to its average volume of 75,178. 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 firm has a market cap of C$70.47 billion, a price-to-earnings ratio of 73.36, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$3,570.01. The company has a fifty day moving average of C$3,075.42 and a 200 day moving average of C$2,791.74.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, November 6th. The company reported C$14.25 earnings per share (EPS) for the quarter. The business had revenue of C$5 billion during the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. On average, analysts anticipate that Constellation Software will post 55.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John Edward Billowits sold 1,200 shares of Constellation Software stock in a transaction that occurred on Friday, August 28th. The shares were 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 approximately C$39,621,110. The trade was a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the sale, the director directly owned 143 shares of the company’s stock, valued at C$410,585.89. This represents a 51.03% decrease in their position. Company insiders own 5.69% of the company’s stock.

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.