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

Constellation Software Inc. (OTCMKTS:CNSWF) has recently achieved a significant milestone by reaching a new 52-week high in its stock price during mid-day trading on Friday. The company's shares soared to a peak of $3,474.99 before settling at $3,416.15 at the last trade, with a total volume of 673 shares changing hands. Previously, the stock had closed at $3,443.00.

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Analyst Ratings Updates

In a notable move, UBS Group upgraded Constellation Software to a "strong-buy" rating in a research note published on Thursday, November 21st, signaling confidence in the company's performance.

Current Trading Performance

Constellation Software's stock performance saw a slight dip of 0.8%. The company currently boasts a market capitalization of approximately $72.39 billion. It has a price-to-earnings ratio of 123.42 and a beta of 1.06, indicating its stock is slightly more volatile than the market average. Its 50-day moving average price sits at $3,179.51, while the 200-day moving average is at $3,162.82. The company maintains a quick ratio of 0.92, a current ratio of 0.93, and a debt-to-equity ratio of 1.18.

Recent Earnings Report

On November 8th, Constellation Software released its quarterly earnings results, reporting earnings per share (EPS) of $20.30. This figure fell short of analyst estimates, which were projected at $20.42, resulting in a miss of $0.12. The company recorded a return on equity of 67.94% and a net margin of 6.06%. During the quarter, Constellation Software generated $2.54 billion in revenue, which was also below the anticipated $2.58 billion.

Company Overview

Constellation Software Inc. is a software company that, through its subsidiaries, focuses on acquiring, building, and managing vertical market software businesses. It operates in Canada, the United States, Europe, and across international markets, delivering essential software solutions to both public and private sector clients. Additionally, the company is involved in software licensing and the sale of third-party hardware.

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This content was generated using narrative science technology, combining financial data to offer readers the most rapid and accurate reporting. The information was reviewed by an editorial team prior to publication.

Investment Considerations

Before making any investment decisions, it's wise to evaluate various stocks and their potential. Recent reports have identified several stocks that are receiving attention from top analysts for being prime investment opportunities, suggesting that potential investors should explore options beyond Constellation Software.

As the market evolves, staying informed about stocks that may present better value compared to Constellation Software is crucial for making sound investment choices.

Constellation, Stocks, Earnings