Constellation Software (OTCMKTS:CNSWF) Sets New 12-Month High - What's Next?

Constellation Software Inc. (OTCMKTS:CNSWF) saw its shares reach a new 52-week high during midday trading on Friday. The stock hit a peak of $3,474.99 before closing at $3,416.15, with a volume of 673 shares traded. This represents a slight decline from the previous close of $3,443.00.

Analyst Ratings Changes

In a notable development, UBS Group upgraded its rating for Constellation Software to "strong-buy" in a research note published on November 21st.

Constellation Software Trading Down 0.8%

At the time of reaching its high, Constellation Software held a market cap of $72.39 billion. The company has a price-to-earnings ratio of 123.42 and a beta of 1.06, indicating its volatility compared to the market. Its 50-day moving average price is $3,179.51, and the 200-day moving average stands at $3,162.82. Financial metrics show a quick ratio of 0.92, a current ratio of 0.93, and a debt-to-equity ratio of 1.18.

On November 8th, Constellation Software reported its quarterly earnings results. The company revealed earnings per share (EPS) of $20.30, falling slightly short of analysts' expectations of $20.42 by $0.12. The firm achieved a return on equity of 67.94% and maintained a net margin of 6.06%. Revenue for the quarter was reported at $2.54 billion, which was below the expected $2.58 billion. Analysts project that Constellation Software will post an EPS of 77.19 for the current fiscal year.

About Constellation Software

Constellation Software Inc., along with its subsidiaries, focuses on acquiring, developing, and managing vertical market software businesses both domestically and internationally. The company specializes in delivering mission-critical software solutions for various public and private sector markets. Additionally, Constellation Software is involved in the licensing of software and the sale of third-party hardware.

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