Constellation Software (OTCMKTS:CNSWF) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Constellation Software (OTCMKTS:CNSWF) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on the stock. TD Securities reiterated a “buy” rating on shares of Constellation Software in a report on Monday, August 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a research note on Monday, August 11th. CIBC restated an “outperform” rating on shares of Constellation Software in a report on Wednesday, October 29th. National Bank Financial lowered Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, National Bankshares cut shares of Constellation Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Constellation Software Price Performance

CNSWF stock opened at $2,385.51 on Thursday. The firm has a 50 day moving average of $2,773.43 and a 200-day moving average of $3,252.79. The company has a market cap of $50.55 billion, a price-to-earnings ratio of 81.47 and a beta of 1.10. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.06. Constellation Software has a 12-month low of $2,270.68 and a 12-month high of $3,998.72.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly earnings data on Friday, November 7th. The company reported $21.71 earnings per share for the quarter, missing the consensus estimate of $27.84 by ($6.13). The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.99 billion. Constellation Software had a net margin of 5.77% and a return on equity of 53.92%. As a group, equities analysts expect that Constellation Software will post 77.19 EPS for the current fiscal year.

Constellation Software Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 22nd were given a dividend of $1.00 per share. This represents a yield of 13.0%. The ex-dividend date was Friday, September 19th. Constellation Software’s payout ratio is currently 12.73%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.