Constellation Software (OTCMKTS:CNSWF) Trading Down 6.3% – Here’s Why

Constellation Software Inc. (OTCMKTS:CNSWF) shares were down 6.3% on Wednesday . The company traded as low as $2,141.00 and last traded at $2,155.00. Approximately 356 shares changed hands during trading, a decline of 97% from the average daily volume of 10,323 shares. The stock had previously closed at $2,301.03.

Wall Street Analyst Weigh In

CNSWF has been the subject of a number of recent analyst reports. Zacks Research lowered Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. National Bank Financial raised Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Finally, TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Constellation Software Trading Down 5.7%

The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of 61.89 and a beta of 0.99. The firm has a 50-day moving average price of $2,044.80 and a 200-day moving average price of $1,924.19.

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

Constellation Software Company Profile

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.