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

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNSWF. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. National Bank Financial raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Constellation Software Stock Performance

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

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $27.81 by $0.89. Constellation Software had a return on equity of 48.87% and a net margin of 7.60%.The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. As a group, analysts anticipate that Constellation Software Inc. will post 119.33 EPS 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.