Constellation Software (OTCMKTS:CNSWF) Shares Gap Down – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $2,201.5801, but opened at $2,055.56. Constellation Software shares last traded at $2,298.2910, with a volume of 687 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Constellation Software Price Performance

The firm has a 50 day moving average of $2,134.86 and a 200-day moving average of $2,007.62. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The company has a market cap of $48.42 billion, a P/E ratio of 50.41 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.81 by $0.89. Constellation Software had a net margin of 7.60% and a return on equity of 47.37%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. On average, equities research analysts predict that Constellation Software Inc. will post 119.33 EPS for the current year.

Constellation Software Company Profile

Constellation Software Inc is a Canadian technology company that acquires, develops and manages specialized software businesses. Rather than concentrating on a single software product, the company operates a portfolio of independent businesses that provide mission-critical applications to customers in specific industries and markets.

Its software products and services support organizations across sectors such as healthcare, education, government, financial services, hospitality, construction, real estate, transportation and infrastructure.