Constellation Software (TSE:CSU) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Constellation Software Inc. (TSE:CSU) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2,729.11 and traded as low as C$2,669.99. Constellation Software shares last traded at C$2,670.00, with a volume of 78,119 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on CSU. Jefferies Financial Group reduced their price objective on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. TD upped their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. TD Securities increased their price target on Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada reduced their price target on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, UBS Group decreased their price objective on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and a consensus target price of C$3,823.50.

Constellation Software Stock Up 4.1%

The firm has a market cap of C$58.89 billion, a P/E ratio of 79.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.53. The firm’s 50 day moving average is C$2,706.07 and its two-hundred day moving average is C$2,724.97. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 143.18.

Constellation Software (TSE:CSU) last issued its earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. The firm had revenue of C$4.42 billion during the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, research analysts anticipate that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Insider Activity at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of the company’s 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 completion of the sale, the director owned 1,307 shares in the company, valued at C$3,600,602.02. This represents a 17.90% decrease in their position. 5.69% of the stock is currently owned by corporate insiders.

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.