Constellation Software (OTCMKTS:CNSWF) Trading Down 5.3% – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF)’s share price was down 5.3% during mid-day trading on Friday . The company traded as low as $2,111.29 and last traded at $2,131.06. Approximately 206 shares were traded during trading, a decline of 98% from the average daily volume of 11,248 shares. The stock had previously closed at $2,250.00.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CNSWF shares. Zacks Research upgraded Constellation Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Software in a research note on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research note on Saturday, May 23rd. TD Securities reiterated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 0.91. The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of 59.61 and a beta of 0.99. The business has a fifty day moving average of $1,908.03 and a two-hundred day moving average of $2,020.77.

Constellation Software (OTCMKTS:CNSWF) last posted 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 business 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%. As a group, research analysts predict that Constellation Software Inc. will post 118.53 EPS 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.