Constellation Software (OTCMKTS:CNSWF) Trading Down 5.7% – Here’s Why

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) were down 5.7% on Wednesday . The company traded as low as $2,050.00 and last traded at $2,050.00. 61 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 10,002 shares. The stock had previously closed at $2,175.00.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. TD Securities restated a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. Zacks Research downgraded shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Constellation Software Stock Performance

The company has a 50-day moving average of $2,113.86 and a 200-day moving average of $1,978.30. The company has a market cap of $43.23 billion, a PE ratio of 45.00 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.80.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings data 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 the consensus estimate of $3.36 billion. Constellation Software had a return on equity of 48.87% and a net margin of 7.60%. As a group, analysts anticipate that Constellation Software Inc. will post 119.33 earnings per share for the current year.

Constellation Software Company Profile

Constellation Software Inc is a Canadian technology company that acquires, manages and develops vertical market software businesses. Its subsidiaries provide specialized, mission-critical software used by organizations in industries such as healthcare, education, government, construction, real estate, hospitality, financial services and professional services.

The company generally focuses on acquiring established software businesses that serve specific industry niches. These businesses typically continue operating with substantial autonomy, while Constellation provides capital, management expertise and resources to support long-term growth.