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

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $1,984.6040, but opened at $2,090.99. Constellation Software shares last traded at $2,108.9952, with a volume of 51 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CNSWF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Software in a research note on Thursday, May 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research note on Saturday, May 23rd. Zacks Research upgraded Constellation Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, National Bank Financial upgraded Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Constellation Software Trading Up 1.4%

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.96 and a quick ratio of 0.94. The business’s 50 day moving average price is $1,857.13 and its 200-day moving average price is $2,025.20. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 60.16 and a beta of 0.99.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). Constellation Software had a return on equity of 49.01% and a net margin of 6.12%.The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. Equities analysts forecast that Constellation Software Inc. will post 118.53 EPS for the current fiscal 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.