Constellation Software (OTCMKTS:CNSWF) Stock Price Up 6.9% – Should You Buy?

Constellation Software Inc. (OTCMKTS:CNSWF) shares 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 were traded 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

A number of analysts recently issued reports on the stock. TD Securities restated a “buy” rating on shares of Constellation Software in a research note on Thursday. Zacks Research raised shares of Constellation Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating on shares of Constellation Software in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Constellation Software Stock Performance

The stock has a 50 day moving average of $1,838.70 and a 200 day moving average of $2,065.95. The stock has a market capitalization of $43.97 billion, a P/E ratio of 59.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.94 and a current ratio of 0.96.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings data 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). Constellation Software had a net margin of 6.12% and a return on equity of 49.01%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. Equities analysts predict 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.