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

Constellation Software Inc. (OTCMKTS:CNSWF) shares gapped up before the market opened on Monday . The stock had previously closed at $2,062.1799, but opened at $2,150.00. Constellation Software shares last traded at $2,094.99, with a volume of 66 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. National Bank Financial upgraded Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Finally, Zacks Research cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Constellation Software has a consensus rating of “Buy”.

Constellation Software Trading Up 1.9%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 46.34 and a beta of 0.98. The business’s 50-day simple moving average is $2,119.12 and its 200-day simple moving average is $1,983.58.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 EPS for the quarter, topping the consensus estimate of $27.81 by $0.89. Constellation Software had a net margin of 7.60% and a return on equity of 48.87%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. On average, research analysts expect that Constellation Software Inc. will post 119.33 earnings per share for the current fiscal year.

About Constellation Software

Constellation Software Inc is a Canadian technology company that develops, acquires and manages vertical market software businesses. Its subsidiaries provide specialized, mission-critical software designed for organizations in particular industries and professional markets, rather than broad consumer or general-purpose applications.

The company’s software products and services support functions such as public administration, healthcare, education, financial services, construction, hospitality, transportation and other industry-specific operations.