Constellation Software Inc.

CSU-T

TSE:CSU

1,351.68
12.79 (0.94%)
Constellation Software is a diversified software company. It is based in Toronto, Canada, is listed on the Toronto Stock Exchange, and is a constituent of the S&P/TSX 60. The company was founded by Mark Leonard, a former venture capitalist, in 1995.
More at Wikipedia

Analysis and Opinions about CSU-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 4, 2018
An enigma. Sure, their managers have grown a small company into one of the largest software companies on the TSX. Doesn't trust them, because their reporting is not transparent. Also, this is a heavy growth by acquisition story, which itself is fine, but we are in a time of rising interest rates that will weigh on this stock.
An enigma. Sure, their managers have grown a small company into one of the largest software companies on the TSX. Doesn't trust them, because their reporting is not transparent. Also, this is a heavy growth by acquisition story, which itself is fine, but we are in a time of rising interest rates that will weigh on this stock.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$928.170
Owned
No
HOLD
HOLD
November 16, 2018
It’s had a crazy ride. Getting sold off with the entire sector. As a holding, it looks as though it’s going higher. Hard not to see upside in the chart, it’s powerful. Unless you did it for a trade, no reason to sell it.
It’s had a crazy ride. Getting sold off with the entire sector. As a holding, it looks as though it’s going higher. Hard not to see upside in the chart, it’s powerful. Unless you did it for a trade, no reason to sell it.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$913.500
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 1, 2018
(A Top Pick Aug 21/18, Down 2%) It is one of the leadership names in the TSX but he is watching it closely for signs of a reset. You could reduce your exposure on this one. It has lost its leadership.
(A Top Pick Aug 21/18, Down 2%) It is one of the leadership names in the TSX but he is watching it closely for signs of a reset. You could reduce your exposure on this one. It has lost its leadership.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$903.240
Owned
Yes
DON'T BUY
DON'T BUY
October 29, 2018

Here is a company that has gone around buying up other software companies. Now we are late in the investment cycle. The multiple got to a high level so he would expect consolidation.

Here is a company that has gone around buying up other software companies. Now we are late in the investment cycle. The multiple got to a high level so he would expect consolidation.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$865.410
Owned
Unknown
HOLD
HOLD
October 9, 2018

Tricky name. Widely owned. They have to continuously do deals to show good return on invested capital and they might make a mistake. That is his fear on this stock.

Tricky name. Widely owned. They have to continuously do deals to show good return on invested capital and they might make a mistake. That is his fear on this stock.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$917.010
Owned
No
PAST TOP PICK
PAST TOP PICK
September 24, 2018

(Past Top Pick Sept.18, 2017, Up39%) They will consolidate for a while. They've come off lately, but have performed well this year. Their challenge is that as they acquire software companies to grow, so they have to either buy bigger or more companies to maintain their pace of growth.

(Past Top Pick Sept.18, 2017, Up39%) They will consolidate for a while. They've come off lately, but have performed well this year. Their challenge is that as they acquire software companies to grow, so they have to either buy bigger or more companies to maintain their pace of growth.

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$949.510
Owned
Yes
DON'T BUY
DON'T BUY
September 11, 2018

Net income has been flat for three years. To move the needle, they have to make a lot of or bigger acquisitions. Historically, this has done well, but today it's expensive. Management is very arrogant--it won't do a conference call with investors. He doesn't like that; communicating with investors is fundamental. No clear strategy; it's a hodge-podge of small companies.

Net income has been flat for three years. To move the needle, they have to make a lot of or bigger acquisitions. Historically, this has done well, but today it's expensive. Management is very arrogant--it won't do a conference call with investors. He doesn't like that; communicating with investors is fundamental. No clear strategy; it's a hodge-podge of small companies.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$954.160
Owned
No
HOLD
HOLD
September 7, 2018

One of the best run tech companies. Growth by acquisition. Not cheap at 35x earnings. Beautiful chart. Top-drawer management. If you’re not worried about the valuation, it’s fine to own it.

One of the best run tech companies. Growth by acquisition. Not cheap at 35x earnings. Beautiful chart. Top-drawer management. If you’re not worried about the valuation, it’s fine to own it.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$943.670
Owned
No
TOP PICK
TOP PICK
August 29, 2018

They've bought a lot of little companies that specialize in "vertical applications" which fulfill a single purpose and do it well. They then divided them into six divisions they manage. They could aquire far more, so they have a big possibility of growth. The street didn't like their last quarter, but investors should look at the long-term: can they use their capital wisely to make these acqusitions? Yes. Based on the past, they are smart acquirers with 31% ROE on these purchases. Smart managers. (0.5% dividend, Analysts' price target: $1,073.58)

They've bought a lot of little companies that specialize in "vertical applications" which fulfill a single purpose and do it well. They then divided them into six divisions they manage. They could aquire far more, so they have a big possibility of growth. The street didn't like their last quarter, but investors should look at the long-term: can they use their capital wisely to make these acqusitions? Yes. Based on the past, they are smart acquirers with 31% ROE on these purchases. Smart managers. (0.5% dividend, Analysts' price target: $1,073.58)

David Baskin
President, Baskin Wealth Management
Price
$962.610
Owned
Yes
TOP PICK
TOP PICK
August 21, 2018

As long as its longer-term uptrend remains intact, he'll continue to like it, and consider the near-term pullback as a buying opportunity. (0.6% dividend, Analysts' price target $1,083.64)

As long as its longer-term uptrend remains intact, he'll continue to like it, and consider the near-term pullback as a buying opportunity. (0.6% dividend, Analysts' price target $1,083.64)

Javed Mirza
Technical analyst, Canaccord Genuity
Price
$926.420
Owned
Yes
STRONG BUY
STRONG BUY
August 3, 2018

This is a good time to buy, he thinks. Growth has been exponential and there is a pristine balance sheet. There is no problems with this company and is a very attractive buy. He thinks the lack of quarterly updates is reasonable as he thinks people should not focus on the last 90 days performance.

This is a good time to buy, he thinks. Growth has been exponential and there is a pristine balance sheet. There is no problems with this company and is a very attractive buy. He thinks the lack of quarterly updates is reasonable as he thinks people should not focus on the last 90 days performance.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$935.550
Owned
No
HOLD
HOLD
July 27, 2018

They reported earnings recently and the stock is down as a result. They are moving away from quarterly management calls and thinks this is strange. They are trying to make acquisitions and may have felt they were giving away too much information. A great stock to own, continue to hold it for the long term. It is cheaper than similar quality tech companies in the US.

They reported earnings recently and the stock is down as a result. They are moving away from quarterly management calls and thinks this is strange. They are trying to make acquisitions and may have felt they were giving away too much information. A great stock to own, continue to hold it for the long term. It is cheaper than similar quality tech companies in the US.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$959.930
Owned
No
DON'T BUY
DON'T BUY
July 23, 2018

It is a really well run software company. They buy up companies and cut costs. The market has awarded them a very high valuation multiple and they may have trouble continuing to grow as quickly.

It is a really well run software company. They buy up companies and cut costs. The market has awarded them a very high valuation multiple and they may have trouble continuing to grow as quickly.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$1081.620
Owned
Unknown
DON'T BUY
DON'T BUY
June 27, 2018

He held this for close to seven years, but sold it back around $700. He thought their niche was based on smaller acquisitions, which no longer works at this scale of business – it is hard to move the needle now.

He held this for close to seven years, but sold it back around $700. He thought their niche was based on smaller acquisitions, which no longer works at this scale of business – it is hard to move the needle now.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$1021.790
Owned
No
TOP PICK
TOP PICK
June 20, 2018

Despite the rapid share price rise, he still thinks they are undervalued. They have been acquiring companies very profitability. As long as they compound shareholder wealth at 30%, their cash ROE is almost 100%. Don’t be put off by the high 60 P/E ratio. Yield 0.5%. (Analysts’ price target is $964.42)

Despite the rapid share price rise, he still thinks they are undervalued. They have been acquiring companies very profitability. As long as they compound shareholder wealth at 30%, their cash ROE is almost 100%. Don’t be put off by the high 60 P/E ratio. Yield 0.5%. (Analysts’ price target is $964.42)

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$1056.090
Owned
Yes
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