Constellation Software (OTCMKTS:CNSWF) Trading Down 4.6% – Here’s Why

Constellation Software Inc. (OTCMKTS:CNSWF)’s share price fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $1,860.00 and last traded at $1,885.00. 1,547 shares were traded during trading, a decline of 86% from the average session volume of 10,782 shares. The stock had previously closed at $1,975.01.

Analyst Upgrades and Downgrades

CNSWF has been the subject of several recent analyst reports. Zacks Research raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. National Bank Financial raised Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. TD Securities restated a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, Constellation Software presently has an average rating of “Buy”.

Constellation Software Trading Down 2.3%

The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average is $1,994.44 and its 200-day moving average is $1,930.34. The stock has a market capitalization of $39.03 billion, a PE ratio of 52.54 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. Constellation Software had a net margin of 6.12% and a return on equity of 47.59%. As a group, analysts anticipate that Constellation Software Inc. will post 118.53 EPS for the current fiscal year.

About Constellation Software

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.