Constellation Software (OTCMKTS:CNSWF) Shares Up 0.6% – Time to Buy?

Constellation Software Inc. (OTCMKTS:CNSWF) rose 0.6% during trading on Monday . The stock traded as high as $2,431.00 and last traded at $2,399.6499. Approximately 9,999 shares changed hands during trading, an increase of 116% from the average daily volume of 4,639 shares. The stock had previously closed at $2,384.8201.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CNSWF shares. National Bank Financial lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Zacks Research lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. CIBC reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Wednesday, October 29th. National Bankshares cut Constellation Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 25th. Finally, Desjardins upgraded Constellation Software to a “moderate buy” rating in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Constellation Software Trading Up 0.6%

The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average is $2,391.93 and its 200 day moving average is $2,904.18.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings data on Friday, November 7th. The company reported $21.71 earnings per share for the quarter, missing analysts’ consensus estimates of $27.84 by ($6.13). Constellation Software had a return on equity of 51.25% and a net margin of 5.97%.The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.99 billion. Research analysts predict that Constellation Software Inc. will post 77.19 earnings per share for the current 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.