Constellation Software (OTCMKTS:CNSWF) Shares Gap Down – Should You Sell?

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price gapped down before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

CNSWF has been the subject of several research reports. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a report on Thursday, August 13th. 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 company’s stock. According to MarketBeat, Constellation Software presently has a consensus rating of “Buy”.

Constellation Software Stock Up 3.8%

The company 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 capitalization of $48.42 billion, a price-to-earnings ratio of 50.41 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF) last posted 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. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Constellation Software had a net margin of 7.60% and a return on equity of 47.37%. On average, equities analysts predict that Constellation Software Inc. will post 119.33 earnings per share for the current fiscal 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.