Constellation Software (OTCMKTS:CNSWF) Shares Down 5.3% – Time to Sell?

Constellation Software Inc. (OTCMKTS:CNSWF) dropped 5.3% during mid-day trading on Friday . The stock traded as low as $2,111.29 and last traded at $2,131.06. Approximately 206 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 11,248 shares. The stock had previously closed at $2,250.00.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNSWF. TD Securities reaffirmed a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. BMO Capital Markets restated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a report on Saturday, May 23rd. Finally, National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Constellation Software Stock Down 3.2%

The business has a 50 day simple moving average of $1,901.46 and a 200-day simple moving average of $2,020.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.94 and a current ratio of 0.96. The firm has a market capitalization of $44.92 billion, a price-to-earnings ratio of 60.47 and a beta of 0.99.

Constellation Software (OTCMKTS:CNSWF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 EPS 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 analyst estimates of $3.14 billion. Constellation Software had a return on equity of 49.01% and a net margin of 6.12%. On average, equities analysts expect 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.