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

Constellation Software Inc. (OTCMKTS:CNSWF) gapped up prior to trading 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 traded.

Analyst Ratings Changes

A number of research firms recently weighed in on CNSWF. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a report on Thursday, August 13th. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Constellation Software Trading Down 0.0%

The firm has a market capitalization of $43.21 billion, a P/E ratio of 44.99 and a beta of 1.00. The business’s 50 day moving average is $2,146.04 and its two-hundred day moving average is $1,994.35. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.79.

Constellation Software (OTCMKTS:CNSWF) last announced its earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.81 by $0.89. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Constellation Software had a net margin of 7.60% and a return on equity of 47.37%. Analysts expect that Constellation Software Inc. will post 119.33 EPS for the current 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.