Constellation Software (OTCMKTS:CNSWF) Shares Gap Up – Here’s What Happened

Constellation Software Inc. (OTCMKTS:CNSWF) shares gapped up prior to trading on Friday . The stock had previously closed at $1,984.6040, but opened at $2,090.99. Constellation Software shares last traded at $2,108.9952, with a volume of 51 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on CNSWF. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of Constellation Software in a research report on Saturday, May 23rd. Zacks Research raised shares of Constellation Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. Finally, National Bank Financial raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Constellation Software currently has an average rating of “Buy”.

Constellation Software Stock Up 1.4%

The business has a 50 day moving average of $1,857.13 and a 200-day moving average of $2,025.20. The stock has a market cap of $44.69 billion, a PE ratio of 60.16 and a beta of 0.99. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last released its quarterly 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). The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Constellation Software had a return on equity of 49.01% and a net margin of 6.12%. Equities research analysts predict 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.