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Constellation Software Inc. (CSU.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1,673.96+2.87 (+0.17%)
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Neutralpattern detected
Previous Close1,671.09
Open1,674.18
Bid1,668.89 x 0
Ask1,674.37 x 0
Day's Range1,664.15 - 1,687.35
52 Week Range1,076.34 - 1,789.63
Volume20,569
Avg. Volume39,493
Market Cap35.474B
Beta (5Y Monthly)0.68
PE Ratio (TTM)81.36
EPS (TTM)20.57
Earnings DateMay 05, 2021 - May 10, 2021
Forward Dividend & Yield5.08 (0.30%)
Ex-Dividend DateMar 15, 2021
1y Target Est1,461.95
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Velocix appoints Anthony Berkeley as CEO
      GlobeNewswire

      Velocix appoints Anthony Berkeley as CEO

      Announces plan to fuel Velocix’s expansion with new video streaming and ad tech Velocix appoints Anthony Berkeley as CEO Anthony Berkeley has been appointed CEO at Velocix CAMBRIDGE, United Kingdom, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Velocix, the market’s leading provider of carrier-grade video streaming and advertising technology, has announced the promotion of Anthony Berkeley to Chief Executive Officer. Berkeley was most recently Chief Operating Officer at Velocix, and he has previously held senior leadership roles in sales, product, and professional services during his 11-year tenure with the company. Prior to Velocix, he held senior positions at Alcatel-Lucent and Nokia. David Sharpley, Group Leader at Lumine Group, Velocix’s parent company, said: “Anthony is ideally-suited to drive Velocix’s continued expansion, with his deep domain expertise in the video technology market and proven track record of driving profitable revenue growth. With an expanding base of top tier customers and strong market momentum, Velocix is well-positioned to build on its success in 2021 and beyond.” Anthony Berkeley, CEO at Velocix, said: “I’m excited to lead the next phase of Velocix’s growth, which will be fuelled by our investment in new video streaming and advertising technologies that maximise performance and deliver the lowest cost of ownership to customers. Using our latest hybrid-cloud software, Velocix can deploy on-net, in the cloud, or both, opening new business opportunities for us, and giving our customers the power and flexibility to scale out their platforms more efficiently than ever before.” Velocix is headquartered in Cambridge, UK, and maintains offices around the world. The company’s international client roster includes many of the leading innovators in media and telecommunications, including SKY, Vodafone, T-Mobile, Liberty Global, and Telefónica. Additional information about Velocix is available at www.velocix.com. About Velocix Velocix is the world’s leading provider of content delivery, origin and storage, and stream personalisation software and we are Making Video Personal, on every connected screen. Our technology is used to engage, entertain, and inform millions of people around the globe, every single day. We help consumers connect with the content they love by building products that are more responsive to personal viewing preferences, making every video experience more rewarding. We work closely with our customers, including telecommunications, cable, and online video service providers, to help them navigate a rapidly changing video market, so they can lead the transformation, compete more effectively, and grow their businesses. Velocix is part of Lumine Group, which is an operating group of Constellation Software (TSX:CSU). Visit velocix.com For further information, please contact: Jim Brickmeier, CPO/CMO, Velocix +1 404 964-8495 | jim.brickmeier@velocix.com Neil Sharpe, Head of Product Marketing, Velocix +44 7876 828 286 | neil.sharpe@velocix.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9420bf3c-c649-4c82-9a4c-d452c84612b0

    • Volaris Group, a Constellation Software Company, Completes Acquisition of SSP Limited
      GlobeNewswire

      Volaris Group, a Constellation Software Company, Completes Acquisition of SSP Limited

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    • Constellation Software May Cut Dividend, Plans to Pursue Bigger Deals
      Bloomberg

      Constellation Software May Cut Dividend, Plans to Pursue Bigger Deals

      (Bloomberg) -- Constellation Software Inc., Canada’s second-largest tech company by market value, said it’s considering eliminating its quarterly dividend and using the cash to make larger acquisitions.Constellation Chairman Mark Leonard said in a letter to shareholders Monday evening that the company’s board decided Friday to stop paying special dividends “in all but the most compelling circumstances” and may cut the regular quarterly payout too, if it can find deals.The stock rose 3.6% to C$1,672.26 as of 9:56 a.m. in Toronto. Toronto-based Constellation buys and operates specialized software businesses and has produced huge returns over time with that strategy. The stock rose 3,223% over the 10-year period ended Dec. 31, 2020. With a market value of C$34.2 billion ($27 billion) as of Friday’s close, it’s one of Canada’s 25 most valuable public companies.Shopify Inc. is Canada’s largest tech company with a market cap of C$227 billion.Constellation has built itself by making dozens of small deals for business software providers, and its companies serve almost every industry. In the fourth quarter, the company did 18 acquisitions, spending a total of $179 million or about half of the company’s free cash flow, CIBC analysts Stephanie Price and Scott Fletcher wrote in a Feb. 15 note.“We see upside from larger acquisitions as companies in distressed industries potentially look to divest assets as the effects of the pandemic linger,” the analysts wrote.‘Contrarian Thinking’Constellation has paid a regular quarterly dividend of $1 per share since 2012 and has paid three special dividends in the past decade -- the last being a payout of $20 a share in 2019, according to data compiled by Bloomberg.But Constellation is now changing its thinking, Leonard said in his letter. The company will try to increase the number of large acquisitions it makes of vertical-market software (VMS) companies -- deals “requiring multihundred-million-dollar equity cheques” -- and may sacrifice the payout to do so, he wrote.“If we are successful in acquiring one or two large VMS businesses per annum, then I anticipate that CSI’s return on investors’ capital will decrease, but we will not have to return any of our free cash flow to shareholders,” Leonard wrote.It’s also beginning to look for deals outside of the VMS industry, the chairman said.“That will require highly contrarian thinking and is likely to be uncomfortable in the early going. Hopefully, we have built enough credibility to warrant your patience as we explore new and under-appreciated sectors,” Leonard said.(Updates with share move in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.