Constellation Software (OTCMKTS:CNSWF) Downgraded by Zacks Research to Hold

Constellation Software (OTCMKTS:CNSWF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. National Bank Financial cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a report on Monday, August 11th. Desjardins raised shares of Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. National Bankshares lowered Constellation Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 25th. Finally, TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy”.

Constellation Software Stock Up 2.2%

Shares of OTCMKTS:CNSWF traded up $50.58 during trading on Thursday, hitting $2,385.51. The company’s stock had a trading volume of 10,218 shares, compared to its average volume of 2,718. Constellation Software has a fifty-two week low of $2,270.68 and a fifty-two week high of $3,998.72. The business has a 50 day moving average price of $2,773.43 and a two-hundred day moving average price of $3,255.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $50.55 billion, a PE ratio of 81.47 and a beta of 1.10.

Constellation Software (OTCMKTS:CNSWF) last released its earnings results on Friday, November 7th. The company reported $21.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $27.84 by ($6.13). The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Constellation Software had a net margin of 5.77% and a return on equity of 53.92%. As a group, research analysts expect that Constellation Software will post 77.19 EPS for the current fiscal year.

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.