Streetbeat News

CNSWF

Constellation Software Inc

http://www.csisoftware.com/

Industry

Software Publishers

Open

3175.00

Mkt cap

66B

Volume

362

High

3175.00

P/E Ratio

100.67

52-wk high

3423.95

Low

3131.89

Div yield

0.00

52-wk low

2115.00

Conduent Inc (NASDAQ:CNDT) shares surged after reporting Q1 FY24 earnings that exceeded expectations, with a slight sales decline but beating analyst estimates. The company also announced the completion of a sale of two businesses to Modaxo, a division of Constellation Software Inc (OTC:CNSWF), for $230 million. Despite a drop in adjusted EBITDA and negative operating cash flow, Conduent's share repurchase and positive outlook for FY24 revenue contributed to the stock's rise.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:15 pm

Intercontinental Exchange Inc (ICE) and Black Knight Inc (BKI) have agreed to sell Black Knight's Optimal Blue business to a subsidiary of Constellation Software Inc (CNSWF) for $700 million. This is part of efforts to secure regulatory clearance for ICE's proposed acquisition of Black Knight. The divestiture transaction is subject to the closing of ICE's acquisition of Black Knight. ICE shares are trading lower by 1.11% at $116.26 and BKI higher by 14.09% at $69.89.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 2:19 pm

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