Constellation Software (OTCMKTS:CNSWF) Shares Down 6.3% - What's Next?

Key Points

• Constellation Software shares fell 6.3% to $2,155 during mid-day trading, with volume down 97% from the average daily level.
• Analyst sentiment remains positive overall, with the stock carrying an average “Buy” rating; however, Zacks Research recently downgraded it from “strong buy” to “hold.”
• The company’s latest quarter showed mixed results: EPS of $24.70 missed estimates of $25.16, while revenue of $3.18 billion exceeded the $3.14 billion consensus forecast.

Constellation Software Inc. (OTCMKTS:CNSWF - Get Free Report) traded down 6.3% on Wednesday . The company traded as low as $2,141.00 and last traded at $2,155.00. Approximately 356 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 10,323 shares. The stock had previously closed at $2,301.03.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets restated an "outperform" rating on shares of Constellation Software in a research note on Wednesday, May 13th. Zacks Research lowered shares of Constellation Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a "buy" rating on shares of Constellation Software in a report on Saturday, May 23rd. National Bank Financial raised shares of Constellation Software from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 27th. Finally, TD Securities reaffirmed a "buy" rating on shares of Constellation Software in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Constellation Software presently has an average rating of "Buy".

Constellation Software Stock Performance

The stock has a market capitalization of $45.98 billion, a P/E ratio of 61.89 and a beta of 0.99. The stock has a 50 day moving average of $2,044.80 and a 200 day moving average of $1,924.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 0.91.

Constellation Software (OTCMKTS:CNSWF - Get Free Report) last posted its earnings results 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 company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. Equities analysts predict that Constellation Software Inc. will post 118.53 EPS for the current 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.

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