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

Constellation Software Inc. (TSE:CSU – Get Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Investors 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 of this dividend is Monday, September 19th.

Constellation Software Price Performance

Shares of TSE:CSU traded down C$18.30 during midday trading on Friday, hitting C$2,150.51. The company had a trading volume of 44,916 shares, compared to its average volume of 35,749. Constellation Software has a twelve month low of C$1,793.93 and a twelve month high of C$2,385.80. The company has a debt-to-equity ratio of 95.97, a current ratio of 0.79 and a quick ratio of 0.71. The stock has a market cap of C$45.57 billion and a price-to-earnings ratio of 85.20. The business’s 50-day simple moving average is C$1,964.75 and its 200-day simple moving average is C$2,048.21.

Constellation Software (TSE:CSU – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported C$15.80 earnings per share for the quarter, missing the consensus estimate of C$16.61 by C($0.81). The company had revenue of C$2.07 billion during the quarter, compared to the consensus estimate of C$1.99 billion. On average, research analysts predict that Constellation Software will post 84.9100024 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSU shares. Raymond James set a C$2,400.00 price target on Constellation Software and gave the stock a “market perform” rating in a research report on Thursday, May 5th. Royal Bank of Canada lowered their price target on 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. BMO Capital Markets raised their price target on Constellation Software from C$2,400.00 to C$2,450.00 in a research report on Friday. Finally, CIBC lowered their price target on 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 assigned a buy rating to the stock. According to MarketBeat.com, Constellation Software has an average rating of “Hold” and a consensus price target of C$2,407.14.

Constellation Software Company Profile

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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.