Constellation Software (OTCMKTS:CNSWF) Trading Down 5.7% – What’s Next?

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CNSWF shares. TD Securities reiterated a “buy” rating on shares of Constellation Software in a research report on Thursday, May 14th. Zacks Research lowered shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. National Bank Financial raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a report on Thursday, August 13th. 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’s stock. According to data from MarketBeat, Constellation Software presently has an average rating of “Buy”.

Constellation Software Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 0.91. The business has a 50 day moving average price of $2,116.92 and a two-hundred day moving average price of $1,981.51. The company has a market cap of $42.38 billion, a P/E ratio of 44.12 and a beta of 0.98.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.81 by $0.89. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Constellation Software had a return on equity of 48.87% and a net margin of 7.60%. On average, sell-side 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 develops, acquires and manages vertical market software businesses. Its subsidiaries provide specialized, mission-critical software designed for organizations in particular industries and professional markets, rather than broad consumer or general-purpose applications.

The company’s software products and services support functions such as public administration, healthcare, education, financial services, construction, hospitality, transportation and other industry-specific operations.