Constellation Software (OTCMKTS:CNSWF) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Constellation Software (OTCMKTS:CNSWF) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

CNSWF has been the topic of several other reports. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a report on Saturday, May 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. BMO Capital Markets restated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Finally, National Bank Financial raised shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One equities 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 stock. According to MarketBeat, the stock has an average rating of “Buy”.

Constellation Software Price Performance

Shares of CNSWF stock opened at $2,153.58 on Wednesday. The company has a market capitalization of $45.63 billion, a P/E ratio of 61.43 and a beta of 1.00. The company’s 50-day simple moving average is $2,005.28 and its two-hundred day simple moving average is $1,916.48. Constellation Software has a one year low of $1,612.70 and a one year high of $3,596.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.91 and a quick ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly 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 the consensus estimate of $3.14 billion. Constellation Software had a net margin of 6.12% and a return on equity of 47.59%. As a group, equities analysts anticipate that Constellation Software 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.