Constellation Software (OTCMKTS:CNSWF) Shares Gap Down – Here’s What Happened

Constellation Software Inc. (OTCMKTS:CNSWF) shares gapped down prior to trading on Thursday. The stock had previously closed at $2,201.5801, but opened at $2,055.56. Constellation Software shares last traded at $2,298.2910, with a volume of 687 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. Zacks Research cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Constellation Software Stock Down 3.0%

The stock’s fifty day moving average price is $2,133.98 and its 200 day moving average price is $2,013.39. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The stock has a market cap of $47.30 billion, a P/E ratio of 49.24 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $28.70 EPS for the quarter, beating the consensus estimate of $27.81 by $0.89. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Constellation Software had a return on equity of 47.37% and a net margin of 7.60%. As a group, research analysts forecast 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.