Constellation Software (OTCMKTS:CNSWF) Rating Lowered to “Hold” at Zacks Research

Constellation Software (OTCMKTS:CNSWF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a report on Saturday, May 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. TD Securities reiterated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Finally, 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. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at $2,153.58 on Wednesday. The business has a 50-day moving average price of $2,005.28 and a two-hundred day moving average price of $1,916.48. Constellation Software has a 1-year low of $1,612.70 and a 1-year high of $3,596.82. 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 company has a market cap of $45.63 billion, a P/E ratio of 61.43 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $24.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). Constellation Software had a net margin of 6.12% and a return on equity of 47.59%. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. As a group, analysts anticipate that Constellation Software will post 118.53 EPS 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.