Constellation Software (OTCMKTS:CNSWF) Shares Down 6.2% – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price was down 6.2% during trading on Monday. The stock traded as low as $2,283.00 and last traded at $2,345.00. Approximately 449 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 9,731 shares. The stock had previously closed at $2,500.00.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNSWF. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. Zacks Research lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Constellation Software presently has an average rating of “Buy”.

Constellation Software Price Performance

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 company’s 50 day moving average price is $2,185.53 and its 200 day moving average price is $2,008.70. The firm has a market capitalization of $49.27 billion, a P/E ratio of 51.15 and a beta of 0.96.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $28.70 earnings per share for the quarter, topping the consensus estimate of $27.81 by $0.89. Constellation Software had a net margin of 7.29% and a return on equity of 49.07%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. As a group, sell-side analysts anticipate that Constellation Software Inc. will post 119.33 EPS for the current fiscal year.

About Constellation Software

Constellation Software Inc is a Canadian software company that acquires, develops and operates businesses specializing in vertical market software—applications designed for the needs of particular industries or customer groups. Its products support specialized business processes across a range of markets.

The company’s software businesses serve customers in both the public and private sectors, providing solutions such as operational and administrative software, along with related maintenance and support.