Constellation Software (OTCMKTS:CNSWF) Trading 6.9% Higher – Should You Buy?

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) rose 6.9% during trading on Tuesday . The company traded as high as $2,069.00 and last traded at $2,068.98. Approximately 1,335 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 11,594 shares. The stock had previously closed at $1,936.00.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Constellation Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Constellation Software Stock Up 7.2%

The firm’s 50 day moving average price is $1,838.70 and its two-hundred day moving average price is $2,065.95. The firm has a market capitalization of $43.97 billion, a PE ratio of 59.18 and a beta of 0.97. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $24.70 EPS for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). The firm 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 49.01% and a net margin of 6.12%. As a group, research analysts forecast that Constellation Software Inc. will post 118.53 EPS for the current fiscal year.

Constellation Software Company Profile

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.