Constellation Software (OTCMKTS:CNSWF) Shares Gap Up – Time to Buy?

Constellation Software Inc. (OTCMKTS:CNSWF) shares gapped up prior to trading on Monday . The stock had previously closed at $2,062.1799, but opened at $2,150.00. Constellation Software shares last traded at $2,094.99, with a volume of 66 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on CNSWF shares. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research note on Thursday, August 13th. Zacks Research cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, National Bank Financial raised Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Constellation Software has a consensus rating of “Buy”.

Constellation Software Stock Performance

The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 45.23 and a beta of 0.98. The stock’s 50 day moving average is $2,123.33 and its 200 day moving average is $1,988.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79.

Constellation Software (OTCMKTS:CNSWF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $28.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.81 by $0.89. Constellation Software had a net margin of 7.60% and a return on equity of 47.37%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Analysts anticipate that Constellation Software Inc. will post 119.33 earnings per share for the current year.

About Constellation Software

Constellation Software Inc is a Canadian technology company that develops, acquires and manages vertical market software businesses. Its subsidiaries provide specialized, mission-critical software designed for organizations in particular industries and professional markets, rather than broad consumer or general-purpose applications.

The company’s software products and services support functions such as public administration, healthcare, education, financial services, construction, hospitality, transportation and other industry-specific operations.