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

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

Analyst Ratings Changes

A number of research analysts have weighed in on CNSWF shares. National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research note on Thursday, May 14th. TD Securities reissued a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Constellation Software Trading Up 0.1%

The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.80. The stock has a 50-day simple moving average of $2,102.26 and a two-hundred day simple moving average of $1,969.15. The firm has a market capitalization of $46.66 billion, a P/E ratio of 48.58 and a beta of 0.98.

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, topping analysts’ consensus estimates of $27.81 by $0.89. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Constellation Software had a return on equity of 48.87% and a net margin of 7.60%. On average, equities research analysts anticipate that Constellation Software Inc. will post 119.33 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.