Constellation Software (OTCMKTS:CNSWF) Shares Gap Up – Here’s Why

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) gapped up before the market opened on Wednesday. The stock had previously closed at $2,040.3199, but opened at $2,093.58. Constellation Software shares last traded at $2,059.05, with a volume of 222 shares changing hands.

Wall Street Analyst Weigh In

CNSWF has been the subject of several research analyst reports. Zacks Research lowered Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Constellation Software Stock Down 0.0%

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market capitalization of $43.21 billion, a P/E ratio of 44.99 and a beta of 1.00. The stock’s fifty day moving average is $2,146.04 and its two-hundred day moving average is $1,994.35.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $27.81 by $0.89. Constellation Software had a return on equity of 47.37% and a net margin of 7.60%.The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. As a group, research analysts predict that Constellation Software Inc. will post 119.33 earnings per share for the current fiscal year.

About Constellation Software

Constellation Software Inc is a Canadian technology company that acquires, develops and manages specialized software businesses. Rather than concentrating on a single software product, the company operates a portfolio of independent businesses that provide mission-critical applications to customers in specific industries and markets.

Its software products and services support organizations across sectors such as healthcare, education, government, financial services, hospitality, construction, real estate, transportation and infrastructure.