Constellation Software (OTCMKTS:CNSWF) Hits New 1-Year Low - Here's What Happened

Key Points

• Constellation Software shares reached a new 52-week low, trading at $2,625.00 before recovering to $2,715.00 with a trading volume of 1,445 shares.
• Despite the recent decline, analysts maintain a generally positive outlook with an average rating of "Buy," following a mix of ratings from various research firms.
• The company announced a dividend of $1.00 per share, with a yield of 13.0%, to be paid on October 10th, benefiting stockholders of record as of September 22nd.

Shares of Constellation Software Inc. (OTCMKTS:CNSWF - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $2,625.00 and last traded at $2,715.00, with a volume of 1445 shares changing hands. The stock had previously closed at $2,970.00.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Constellation Software in a report on Monday, August 11th. Zacks Research raised shares of Constellation Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, TD Securities reissued a "buy" rating on shares of Constellation Software in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Constellation Software Stock Performance

The firm has a market capitalization of $60.48 billion, a P/E ratio of 97.48 and a beta of 1.15. The firm has a 50-day moving average price of $3,311.94 and a two-hundred day moving average price of $3,415.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.96.

Constellation Software (OTCMKTS:CNSWF - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $24.31 earnings per share for the quarter, topping the consensus estimate of $18.71 by $5.60. Constellation Software had a return on equity of 53.92% and a net margin of 5.77%.The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.86 billion. On average, analysts forecast that Constellation Software Inc. will post 77.19 EPS for the current fiscal year.

Constellation Software Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 22nd will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, September 19th. This represents a dividend yield of 13.0%. Constellation Software's dividend payout ratio (DPR) is currently 13.66%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.

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