Constellation Software Inc. (OTCMKTS:CNSWF – Get Free Report)’s stock price rose 6.9% during mid-day trading on Tuesday . The company traded as high as $2,069.00 and last traded at $2,068.98. Approximately 1,335 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 11,594 shares. The stock had previously closed at $1,936.00.
Wall Street Analysts Forecast Growth
CNSWF has been the topic of a number of research reports. Zacks Research upgraded Constellation Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a report on Thursday, May 14th. Finally, TD Securities reaffirmed a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Report on CNSWF
Constellation Software Trading Down 1.9%
Constellation Software (OTCMKTS:CNSWF – Get Free Report) last issued 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 company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. Constellation Software had a return on equity of 49.01% and a net margin of 6.12%. As a group, research analysts forecast that Constellation Software Inc. will post 118.53 earnings per share 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.
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