Latest news with #ConstellationSoftware
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Joint Press Release of Constellation Software Inc. and Topicus.com Inc. -- Topicus.com Inc. completes acquisition of Cipal Schaubroeck in Belgium
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Constellation Software Inc. (TSX: CSU) and Inc. (TSXV: TOI) today announced that Topicus' subsidiary Total Specific Solutions (TSS) B.V. ('TSS') has completed the sale and transfer of all issued and outstanding shares in the capital of Cipal Schaubroeck NV to TSS. About Inc. is a leading pan-European provider of vertical market software and vertical market platforms to clients in public and private sector markets. Operating and investing in countries and markets across Europe with long-term growth potential, Inc. acquires, builds and manages leading software companies providing specialized, mission-critical and high-impact software solutions that address the particular needs of customers. For further information, contact: Inc. Jamal Baksh, Chief Financial Officer Email: jbaksh@ About Constellation Software Inc. Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions. For further information, contact:
Globe and Mail
2 days ago
- Business
- Globe and Mail
RY, BCE, CSU: Canadian Stocks Get a Lift as Economy Grows More than Expected
Leading Canadian stocks such as Royal Bank (RY), BCE (BCE), and Constellation Software (CSU) are getting a lift after data showed the country's economy grew more than expected in the first quarter. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Canada's gross domestic product (GDP) increased 0.5% in the year's first quarter, the same rate of growth as in the previous fourth quarter of 2024. GDP in Q1 grew by 2.2% on an annualized basis. Analysts polled by Reuters (TRI) had expected first-quarter GDP to expand by 1.7% year-over-year. Statistics Canada said that exports of goods were largely responsible for the Q1 growth, followed by accumulations of business non-farm inventories. Higher imports and weak residential home sales were a drag on Canada's economic growth between January and the end of March. Preparing for Tariffs Canada's total exports rose 1.6% in the first quarter of 2025 after increasing 1.7% in the fourth and final quarter of 2024. Exports got a big boost from looming U.S. tariffs, said Statistics Canada, with exports of motor vehicles rising nearly 17% and industrial machinery and equipment jumping 12% higher. At the same time, imports increased 1.1% in the quarter, following a 0.6% rise in the previous quarter. Among Canadian households, spending slowed to 0.3% in the year's first three months after rising 1.2% in the fourth quarter of 2024. The household savings rate slowed to 5.7%, the lowest rate of growth since the first quarter of 2024. Investment income received declined 1.7% in Q1. Is BCE Stock a Buy? The stock of BCE has a consensus Hold rating among nine Wall Street analysts. That rating is based on one Buy, five Hold, and three Sell recommendations issued in the last three months. The average BCE price target of $33.22 implies 10.88% upside from current levels. Disclaimer & Disclosure Report an Issue
Yahoo
3 days ago
- Business
- Yahoo
2 Growth Stocks to Scoop Up Now and Build Wealth for Generations
Written by Joey Frenette at The Motley Fool Canada Despite all the tariff jitters and economic headwinds, the TSX Index is off to a pretty good start to the year, with the index up more than 5% so far, better than the S&P 500, which is just shy of 1% higher year to date. Though it's tough to tell what the second half holds, I do think the odds favour the TSX Index as investors look to pay more attention to the value trade while trimming profits from the recent tech relief run. In this piece, we'll check in on a few growth stocks that could still stand tall over the next two to three years. Though the tech trade is getting hotter again, the following names, I believe, seem to still have valuations that are punching well below their weight class. Without further ado, let's check out two growth stocks that could help TFSA investors build generational wealth. Constellation Software (TSX:CSU) is starting to become a must-watch growth stock for young investors looking to build wealth over the decades. Undoubtedly, the stock looks quite pricey on the surface, now going for more than 100 times trailing price-to-earnings (P/E). That's lofty, even for a firm with a proven track record of growing earnings and sales via smart, strategic M&A. Though a premium is warranted on the name, I'd much rather wait for a steeper pullback before getting aggressive with hitting the buy button. With the stock up a modest 10% year to date, shares are faring quite well, at least compared to some of the choppier high-tech plays south of the border. In the second half, investors should look for Constellation to get a bit more active on the acquisition front, especially as AI becomes a bigger needle-mover for small software companies (prime takeover targets for a firm like Constellation). Perhaps Constellation is wise to be a bit quieter with M&A in the first half, given the recent volatility and tariff hailstorm that could continue to weigh most heavily on the tech sector. Alphabet (NASDAQ:GOOG) stock is another value play for investors looking for a steep discount to intrinsic value. Of course, the major story of the year for Alphabet has to be the disruptive potential of AI search platforms and the potential impact on the Google Search business. In many ways, it seems like Google's best days are in the rear-view. Time will tell if Google's Search moat will be eroded away. In any case, I don't think the search giant is on its way out, especially as it spends a great deal on AI innovations like Veo, Gemini, and more. If Google spends in the right places, perhaps the disrupted could become a disruptor in other markets beyond the search scene. With an 18.5 times forward price-to-earnings (P/E) multiple, I view GOOG as a deep-value stock that's hiding in plain sight this June. In the second half, look for antitrust headwinds and search fears to subside, as more focus shifts to what the firm is doing right on the AI front. Perhaps any losses suffered by the search business could be made up for in other AI-driven areas. The post 2 Growth Stocks to Scoop Up Now and Build Wealth for Generations appeared first on The Motley Fool Canada. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Alphabet wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Fool contributor Joey Frenette has no position in any of the stocks mentioned. The Motley Fool recommends Alphabet and Constellation Software. The Motley Fool has a disclosure policy. 2025
AU Financial Review
6 days ago
- Business
- AU Financial Review
Transport software player EROAD's Canadian suitor presses sell
Toronto-listed Constellation Software, which two years ago tried to acquire dual-listed Kiwi transport software business EROAD, is moving on. The EROAD board rejected a $134.5 million takeover bid from Constellation Software in 2023. Reuters
Yahoo
26-05-2025
- Business
- Yahoo
I'd Invest $7,000 in This Single Stock for Generational Wealth
Written by Amy Legate-Wolfe at The Motley Fool Canada When it comes to building wealth that lasts, some stocks simply stand out — not because they're flashy or all over the headlines but because they deliver quiet, consistent performance year after year. If I had $7,000 to invest today and wanted to set it aside for decades, maybe even for future generations, there's one Canadian stock I'd pick: (TSXV:TOI). Topicus isn't your typical growth company. Based in the Netherlands but listed on the TSX Venture Exchange, it specializes in acquiring and growing vertical market software businesses. That means it focuses on software companies that serve very specific industries. Think education, healthcare, public administration, and finance. These are areas where software becomes deeply embedded in operations, leading to high customer retention and recurring revenue. It's the kind of model that quietly compounds wealth over time. Topicus was spun out of Constellation Software in early 2021, and it follows a similar acquisition-focused playbook. But it has a more regional focus, with a growing presence across Europe. Since the spinout, it has been steadily snapping up niche software companies, integrating them into its decentralized structure, and encouraging them to keep growing. That strategy has worked incredibly well for Constellation, and Topicus appears to be on a similar path. Let's look at the numbers. In its most recent earnings report, Topicus posted revenue of €364.9 million for the fourth quarter (Q4) of 2024. That's up 18% from the same quarter a year ago. Net income came in at €56.2 million, a 32% increase from Q4 2023. For the full year, revenue rose 15% to €1.29 billion, and net income jumped 30% to €149.5 million. These numbers show a business that's growing both organically and through acquisitions, with solid control over costs. It's also worth noting that Topicus is very good at converting revenue into cash. In 2024, it generated €347.6 million in cash from operations, up 41% year over year. Free cash flow available to shareholders came in at €177.4 million, up 44% from 2023. That kind of cash generation gives it the flexibility to keep buying great businesses without relying on debt or issuing more shares. What makes Topicus so compelling for long-term investors is how boring and beautiful the business really is. Most of the software companies it owns serve very specific, regulated industries. Their customers rely on them every single day, and switching software providers would be a hassle. That means revenue is sticky, margins are high, and churn is low. It also means that once Topicus buys a company, that company tends to keep paying off for years or often decades. Now, the stock isn't exactly cheap. As of writing, Topicus trades at about $172 per share, giving it a market cap of roughly $13.4 billion. But paying a premium for quality is often worth it when the business compounds value over time. And Topicus has proven it knows how to do that. Its return on invested capital is consistently high, and it's reinvesting that capital in more businesses that meet its strict acquisition criteria. So, why would I put $7,000 into Topicus today? Because it offers the kind of compounding machine that few companies can match. It has a stable cash flow, sticky customers, and a clear path for long-term expansion. It's not trying to reinvent the wheel; it's just steadily adding more spokes to it. And that's exactly the kind of business you want when thinking about building wealth that lasts a generation or more. The post I'd Invest $7,000 in This Single Stock for Generational Wealth appeared first on The Motley Fool Canada. Before you buy stock in Inc., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends The Motley Fool recommends Constellation Software. The Motley Fool has a disclosure policy. 2025
