Constellation Software stock trades 30.44 percent below its yearly high

Published on 09/29/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Constellation Software stock carries a CAD 3,884.40 consensus target after Q2 revenue rose 17 percent to USD 3.335 billion. A CAD 1.00 dividend is payable October 9.

CSU, CA21037X1006, Illustration mit AI erstellt.

Constellation Software (ISIN CA21037X1006) was last at CAD 2,859.00 on the Toronto Stock Exchange on September 28, 2026, 30.44 percent below its 52-week high of CAD 4,110.00. The latest operating picture remains acquisition-led: Best Canadian Stocks reported that Q2 2026 revenue increased 17 percent year over year to USD 3.335 billion.

Acquisitions drive second quarter growth

The same Q2 report put net income attributable to common shareholders at USD 274 million, or USD 12.93 per diluted share, compared with USD 2.66 a year earlier. Free cash flow available to shareholders reached USD 345 million, a 57 percent year-over-year increase, while cash acquisitions totaled USD 732 million.

That combination explains the stock's valuation debate. Revenue and cash flow expanded at different speeds, while the acquisition program continued to absorb capital, making execution and purchase discipline central to the investment case.

Analysts keep target above the market

MarketBeat reported on September 24, 2026, that eight analysts rated Constellation Software Buy and one rated it Hold, producing a Moderate Buy consensus and an average target of CAD 3,884.40. At the September 28 price, that target lies 35.86 percent above the market level.

The target range also shows dispersion, from CAD 3,294.00 to CAD 4,400.00. MarketBeat cited target increases from National Bank Financial, Raymond James Financial, Jefferies Financial Group and Desjardins between August 10 and August 13, 2026, while Royal Bank of Canada set a CAD 4,400.00 target on August 26.

Dividend adds a dated cash return

According to MarketBeat on September 16, 2026, Constellation Software declared a CAD 1.00 quarterly dividend payable October 9, 2026. The September 18 ex-dividend date places the payout alongside the company's acquisition and growth narrative rather than replacing it.

Constellation Software stock stays below its high

Constellation Software stock was last at CAD 2,859.00 on the Toronto Stock Exchange on September 28, 2026 at 4:00 p.m. ET, with a daily change of negative 0.49 percent and volume of 54,799 shares.