Shares of Constellation Software Inc. (OTCMKTS:CNSWF – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $1,795.00 and last traded at $1,797.40, with a volume of 23420 shares trading hands. The stock had previously closed at $1,847.12.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. CIBC reaffirmed an “outperform” rating on shares of Constellation Software in a report on Friday, January 16th. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Desjardins upgraded Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on Constellation Software
Constellation Software Stock Up 8.2%
Constellation Software (OTCMKTS:CNSWF – Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported $21.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $27.84 by ($6.13). The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.99 billion. Constellation Software had a return on equity of 51.25% and a net margin of 5.97%. Sell-side analysts predict that Constellation Software Inc. will post 77.19 EPS for the current 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.
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