Constellation Software Inc. (OTCMKTS:CNSWF) Sees Significant Decline in Short Interest

Constellation Software Inc. (OTCMKTS:CNSWF - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 42,000 shares, a drop of 28.1% from the April 30th total of 58,400 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 13.1 days. Approximately 0.2% of the company's shares are sold short.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Constellation Software in a research report on Tuesday, May 13th. TD Securities reaffirmed a "buy" rating on shares of Constellation Software in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Constellation Software in a research report on Tuesday, May 13th.

Constellation Software Trading Up 0.4%

Constellation Software stock traded up $13.87 during midday trading on Tuesday, reaching $3,605.00. 565 shares of the stock traded hands, compared to its average volume of 1,885. The firm has a market cap of $76.39 billion, a PE ratio of 130.24 and a beta of 1.18. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.18. The company has a 50-day simple moving average of $3,442.93 and a two-hundred day simple moving average of $3,322.19. Constellation Software has a 12-month low of $2,720.00 and a 12-month high of $3,998.72.

Constellation Software (OTCMKTS:CNSWF - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $20.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $20.48 by ($0.05). Constellation Software had a net margin of 6.06% and a return on equity of 67.94%. The company had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.76 billion. Research analysts expect that Constellation Software will post 77.19 earnings per share for the current fiscal year.

Constellation Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, March 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.11%. Constellation Software's payout ratio is currently 11.44%.

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.