Constellation Software (OTCMKTS:CNSWF) Cut to “Hold” at Zacks Research

Constellation Software (OTCMKTS:CNSWF) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on CNSWF. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research note on Saturday, May 23rd. TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research note on Thursday, May 14th. Finally, National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Constellation Software has an average rating of “Buy”.

Constellation Software Stock Performance

Shares of OTCMKTS:CNSWF opened at $2,153.58 on Wednesday. The company has a market cap of $45.63 billion, a P/E ratio of 61.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 0.91. Constellation Software has a one year low of $1,612.70 and a one year high of $3,596.82. The business’s 50-day simple moving average is $2,005.28 and its 200 day simple moving average is $1,916.48.

Constellation Software (OTCMKTS:CNSWF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 EPS for the quarter, missing the consensus estimate of $25.16 by ($0.46). The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. Constellation Software had a return on equity of 47.59% and a net margin of 6.12%. On average, sell-side analysts forecast that Constellation Software will post 118.53 earnings per share for the current fiscal year.

About Constellation Software

Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.