Constellation Software (OTCMKTS:CNSWF) Stock Price Down 6.3% – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF) was down 6.3% on Wednesday . The company traded as low as $2,141.00 and last traded at $2,155.00. Approximately 356 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 10,323 shares. The stock had previously closed at $2,301.03.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CNSWF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a research report on Thursday. Zacks Research cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. National Bank Financial upgraded Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Constellation Software Trading Up 4.0%

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $48.26 billion, a PE ratio of 50.25 and a beta of 0.99. The stock’s 50 day simple moving average is $2,052.86 and its two-hundred day simple moving average is $1,927.41.

Constellation Software (OTCMKTS:CNSWF) last released its earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. Constellation Software had a net margin of 7.60% and a return on equity of 48.87%. On average, sell-side analysts expect that Constellation Software Inc. will post 120.69 EPS for the current 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.