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

Zacks Research upgraded shares of Constellation Software (OTCMKTS:CNSWF) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Constellation Software in a research note on Wednesday. TD Securities reissued a “buy” rating on shares of Constellation Software in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Constellation Software in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Constellation Software has a consensus rating of “Moderate Buy”.

Constellation Software Price Performance

Constellation Software stock opened at $1,840.15 on Wednesday. The company’s 50 day simple moving average is $1,841.91 and its 200-day simple moving average is $2,077.34. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 52.49 and a beta of 0.97. Constellation Software has a 1 year low of $1,612.70 and a 1 year high of $3,936.74. 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 released its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Constellation Software had a net margin of 6.12% and a return on equity of 49.01%. As a group, equities research analysts expect that Constellation Software will post 109.53 earnings per share for the current 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.