Constellation Software (OTCMKTS:CNSWF) Trading Up 0.1% – Here’s Why

Constellation Software Inc. (OTCMKTS:CNSWF) shares rose 0.1% during mid-day trading on Thursday . The stock traded as high as $2,287.02 and last traded at $2,202.00. Approximately 5,895 shares traded hands during trading, a decline of 16% from the average daily volume of 7,045 shares. The stock had previously closed at $2,200.00.

Wall Street Analyst Weigh In

CNSWF has been the subject of a number of research reports. National Bank Financial upgraded Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. TD Securities reissued a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a report on Thursday, May 14th. Finally, Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Constellation Software Price Performance

The stock has a fifty day moving average of $2,106.06 and a 200-day moving average of $1,970.59. The firm has a market capitalization of $46.09 billion, a P/E ratio of 47.98 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.80.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share for the quarter, beating analysts’ consensus estimates of $27.81 by $0.89. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Constellation Software had a net margin of 7.60% and a return on equity of 48.87%. Equities analysts predict that Constellation Software Inc. will post 119.33 EPS for the current fiscal year.

Constellation Software Company Profile

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.