Constellation Software (TSE:CSU) Stock Price Target Raised at Desjardins

Constellation Software (TSE:CSU) had its price target raised by investment analysts at Desjardins from C$4,000.00 to C$4,100.00 in a report released on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 18.55% from the company’s previous close.

CSU has been the subject of several other reports. Royal Bank Of Canada set a C$4,400.00 price objective on Constellation Software and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Jefferies Financial Group lifted their target price on Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. National Bank Financial boosted their target price on 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. Raymond James Financial boosted their target price on Constellation Software from C$3,500.00 to C$3,800.00 and gave the company a “market perform” rating in a research note on Monday. Finally, RBC Dominion Securities set a C$4,400.00 price target on Constellation Software and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$4,012.00.

Constellation Software Stock Up 1.9%

CSU stock traded up C$66.06 during trading hours on Tuesday, reaching C$3,458.35. 13,440 shares of the stock were exchanged, compared to its average volume of 75,110. The firm’s 50-day moving average is C$3,079.99 and its 200-day moving average is C$2,795.17. The company has a market cap of C$73.29 billion, a price-to-earnings ratio of 76.29, a PEG ratio of 2.95 and a beta of 0.82. The company has a debt-to-equity ratio of 133.36, a current ratio of 0.91 and a quick ratio of 0.55. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$3,532.73.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Friday, November 6th. The company reported C$14.25 earnings per share (EPS) for the quarter. The firm had revenue of C$5 billion for the quarter. Constellation Software had a return on equity of 24.05% and a net margin of 7.25%. On average, equities research analysts expect that Constellation Software will post 55.46 earnings per share for the current year.

Insider Transactions at Constellation Software

In related news, Director Jamal Nizam Baksh sold 149 shares of the stock in a transaction that occurred on 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 directly owned 143 shares of the company’s stock, valued at approximately C$410,585.89. This represents a 51.03% decrease in their ownership of the stock. Also, insider John Edward Billowits sold 1,200 shares of the 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 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. This trade represents a 8.84% decrease in their ownership of the stock. Corporate 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.