Constellation Software (OTCMKTS:CNSWF) Shares Gap Up – Here’s What Happened

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $1,658.00, but opened at $1,731.00. Constellation Software shares last traded at $1,715.00, with a volume of 757 shares changing hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Constellation Software in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Constellation Software Price Performance

The stock’s fifty day moving average price is $1,822.30 and its 200-day moving average price is $2,205.97. The firm has a market cap of $38.97 billion, a price-to-earnings ratio of 79.34 and a beta of 1.02. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings results on Monday, March 9th. The company reported $24.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.20 by ($4.56). The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.15 billion. Constellation Software had a return on equity of 48.18% and a net margin of 4.22%. As a group, equities research analysts forecast that Constellation Software Inc. will post 77.19 earnings per share for the current fiscal 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.