Constellation Software (OTCMKTS:CNSWF) Stock Price Up 7.7% – Time to Buy?

Constellation Software Inc. (OTCMKTS:CNSWF) shares were up 7.7% on Thursday . The company traded as high as $2,050.00 and last traded at $2,049.91. Approximately 2,682 shares changed hands during trading, a decline of 75% from the average session volume of 10,830 shares. The stock had previously closed at $1,903.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CNSWF. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a research note on Thursday, May 14th. National Bank Financial upgraded Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Zacks Research raised Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research note on Saturday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Constellation Software Stock Down 0.4%

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a market capitalization of $42.44 billion, a P/E ratio of 57.12 and a beta of 1.00. The company’s 50-day simple moving average is $1,986.98 and its two-hundred day simple moving average is $1,944.61.

Constellation Software (OTCMKTS:CNSWF) last released its earnings results on Tuesday, May 12th. The company reported $24.70 EPS for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). The company had revenue of $3.18 billion during 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 expect that Constellation Software Inc. will post 118.53 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.