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
BUY
BUY
May 31, 2018

First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$1021.220
Owned
Unknown
HOLD
HOLD
May 2, 2018

Insiders own a fairly large chunk of the stock and there have not been many share offerings. Management must invest directly in the stock – not just through stock options. They continue to deliver and have a great balance sheet. If you own it, you probably don’t want to sell it.

Insiders own a fairly large chunk of the stock and there have not been many share offerings. Management must invest directly in the stock – not just through stock options. They continue to deliver and have a great balance sheet. If you own it, you probably don’t want to sell it.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$930.420
Owned
No
COMMENT
COMMENT
May 2, 2018

Acquisitions grow this company. Problem is, to continue growing at this pace, they must accelerate acquisitions, and it's getting harder for them to buy companies at the right valuations. Constellation itself has a high valuation which scares him off. That said, management is good at delivering growth.

Acquisitions grow this company. Problem is, to continue growing at this pace, they must accelerate acquisitions, and it's getting harder for them to buy companies at the right valuations. Constellation itself has a high valuation which scares him off. That said, management is good at delivering growth.

John Zechner
Chairman, J. Zechner & Assoc
Price
$930.420
Owned
No
DON'T BUY
DON'T BUY
April 16, 2018

They have done exceedingly well at growth by acquisition. It is valued for a continuation of a very high rate of growth. It could be vulnerable to more of a setback. Organic growth has not been as high recently as expected.

They have done exceedingly well at growth by acquisition. It is valued for a continuation of a very high rate of growth. It could be vulnerable to more of a setback. Organic growth has not been as high recently as expected.

Michael Sprung
President, Sprung Investment Management
Price
$878.590
Owned
No
COMMENT
COMMENT
January 23, 2018

This trades outside of the multiples he would normally look at. At 60X, you have to ask yourself what sort of growth rate do you need to justify that kind of multiple. This company has basically existed on the acquisition strategy, and it trades outside of the multiple norms that he would normally look at.

This trades outside of the multiples he would normally look at. At 60X, you have to ask yourself what sort of growth rate do you need to justify that kind of multiple. This company has basically existed on the acquisition strategy, and it trades outside of the multiple norms that he would normally look at.

Michael Sprung
President, Sprung Investment Management
Price
$793.090
Owned
Unknown
COMMENT
COMMENT
December 21, 2017

He thinks the growth from acquisition is going to continue. Doesn’t look like they overpaid too much on their acquisitions. Still generating descent return. Not ridiculously overpriced. Balance sheet is quite good for a company that has done so many acquisitions. Think it’s in pretty good shape.

He thinks the growth from acquisition is going to continue. Doesn’t look like they overpaid too much on their acquisitions. Still generating descent return. Not ridiculously overpriced. Balance sheet is quite good for a company that has done so many acquisitions. Think it’s in pretty good shape.

Matt Kacur
President, FSA Financial Science and Art
Price
$767.230
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 4, 2017

(A Top Pick Oct 20/16, Up 26%) one of his largest holdings. The best capital allocator in Canada. They upped their acquisition game, typically smaller companies. As they get bigger they either need to be acquiring larger or more companies to keep up with their growth rate. A tremendously run company. He still likes them.

(A Top Pick Oct 20/16, Up 26%) one of his largest holdings. The best capital allocator in Canada. They upped their acquisition game, typically smaller companies. As they get bigger they either need to be acquiring larger or more companies to keep up with their growth rate. A tremendously run company. He still likes them.

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$749.230
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
December 1, 2017

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

They started buying some Canadian stocks because of companies like this. Great looking chart, maybe a little bit off the trend line. There could be a little pullback, and this could be an excellent buying opportunity if it does in fact have pull back. The Canadian tech sector is a little bit overlooked, and Canadian tech companies are a little less appreciated than their US counterparts.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$760.220
Owned
Unknown
HOLD
HOLD
November 22, 2017

A great company and very well-managed. A consolidator of software companies, and their strategy continues to work. (See Top Picks.)

A great company and very well-managed. A consolidator of software companies, and their strategy continues to work. (See Top Picks.)

Norman Levine
Managing Director, Portfolio Management Corp
Price
$760.470
Owned
No
COMMENT
COMMENT
November 13, 2017

CSU-T vs. FIH.U-T vs. GOOGL-Q. You have several different options here. He likes FIH.U-T’s exposure to India. He thinks India is one of the great overlooked growth stories. GOOGL-Q is one of the death stars. It has run to quite an extent. He thinks it has a good year to run yet. This is one that will be around in one form or another for a long time.

CSU-T vs. FIH.U-T vs. GOOGL-Q. You have several different options here. He likes FIH.U-T’s exposure to India. He thinks India is one of the great overlooked growth stories. GOOGL-Q is one of the death stars. It has run to quite an extent. He thinks it has a good year to run yet. This is one that will be around in one form or another for a long time.

Brendan Caldwell
President, Caldwell Securities
Price
$737.980
Owned
Unknown
DON'T BUY
DON'T BUY
October 25, 2017

A very successfully run company. They’ve been very successful with their acquisitions. In term of a technology company they’ve done very well. From a value investor perspective the multiple is a little out of reach. Feels it could be very vulnerable to a significant downturn in the market and wouldn’t recommend buying at this point.

A very successfully run company. They’ve been very successful with their acquisitions. In term of a technology company they’ve done very well. From a value investor perspective the multiple is a little out of reach. Feels it could be very vulnerable to a significant downturn in the market and wouldn’t recommend buying at this point.

Michael Sprung
President, Sprung Investment Management
Price
$754.810
Owned
No
COMMENT
COMMENT
October 6, 2017

Grows by acquisition. Expected to have earnings growth of 17%. Earnings are expected to go from $27.50 to $32, which is a 17% lift, but you are paying a 22X price earnings multiple. In the top 10% of his database.

Grows by acquisition. Expected to have earnings growth of 17%. Earnings are expected to go from $27.50 to $32, which is a 17% lift, but you are paying a 22X price earnings multiple. In the top 10% of his database.

Robert McWhirter
President, Selective Asset Management
Price
$709.430
Owned
No
TOP PICK
TOP PICK
September 18, 2017

Debenture.Probably the best capital allocator in Canada. He likes this debenture, because it has a high yield of almost 7%. It is not well known and is under the radar. It also has an element of inflation protection. The yield is rather unique in that it is set at 6.5% plus the trailing CPI inflation rate. If you think inflation is going to pick up, you will get yield reset every year. Yielding 6.3%. (Note: This doesn’t qualify for the dividend tax credit, so Buy it in an RRSP, RIIF or a TFSA account.)

Debenture.Probably the best capital allocator in Canada. He likes this debenture, because it has a high yield of almost 7%. It is not well known and is under the radar. It also has an element of inflation protection. The yield is rather unique in that it is set at 6.5% plus the trailing CPI inflation rate. If you think inflation is going to pick up, you will get yield reset every year. Yielding 6.3%. (Note: This doesn’t qualify for the dividend tax credit, so Buy it in an RRSP, RIIF or a TFSA account.)

Jason Del Vicario
Portfolio Manager, HollisWealth
Price
$687.000
Owned
Yes
COMMENT
COMMENT
August 3, 2017

This has been a good name in the past, and continues to be good. They have a decent footprint in Europe which is really helpful. Continues to post good numbers and will continue going higher.

This has been a good name in the past, and continues to be good. They have a decent footprint in Europe which is really helpful. Continues to post good numbers and will continue going higher.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$696.650
Owned
No
COMMENT
COMMENT
June 7, 2017

A growth rollup strategy. They have grown a lot by acquisition as well as some organic growth. Trading at close to 50X earnings. It only needs to stumble a little in order to cause a great deal of disappointment. In order to continue the growth and the appreciation that we have seen, they have to continue to surprise people on the upside and continue on the growth pattern.

A growth rollup strategy. They have grown a lot by acquisition as well as some organic growth. Trading at close to 50X earnings. It only needs to stumble a little in order to cause a great deal of disappointment. In order to continue the growth and the appreciation that we have seen, they have to continue to surprise people on the upside and continue on the growth pattern.

Michael Sprung
President, Sprung Investment Management
Price
$700.280
Owned
No
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