Hold 3/11/2016Downgrade
Constellation Software Inc. (CNSWF) was downgraded to C from B on 3/11/2016 due to a substantial decline in the volatility index, total return index and valuation index.

Buy 2/23/2016Downgrade
Constellation Software Inc. (CNSWF) was downgraded to B from A- on 2/23/2016 due to a decline in the volatility index, valuation index and dividend index.

Buy 2/19/2016Upgraded
Constellation Software Inc. (CNSWF) was upgraded to A- from B on 2/19/2016 due to a large increase in the valuation index, growth index and solvency index. Earnings per share increased from $2.157 to $3.11, EBIT increased 20.81% from $71.96M to $86.94M, and debt to equity declined from 1.25 to 1.05.

Buy 4/30/2015Upgraded
Constellation Software Inc. (CNSWF) was upgraded to B from B- on 4/30/2015 due to an increase in the solvency index, growth index and valuation index. Operating cash flow increased 16.34% from $96.82M to $112.65M, the quick ratio increased from 0.45 to 0.5, and debt to equity declined from 1.13 to 1.06.

Buy 2/27/2015Downgrade
Constellation Software Inc. (CNSWF) was downgraded to B- from B on 2/27/2015 due to a decline in the valuation index and dividend index.

Buy 7/1/2014Upgraded
Constellation Software Inc. (CNSWF) was upgraded to B from C- on 7/1/2014 due to an increase in the total return index.

Hold 6/30/2014Downgrade
Constellation Software Inc. (CNSWF) was downgraded to C- from B on 6/30/2014 due to a decline in the solvency index, total return index and valuation index. Debt to equity increased from 1.79 to 1.91.

Buy 2/28/2014Upgraded
Constellation Software Inc. (CNSWF) was upgraded to B from D+ on 2/28/2014 due to an increase in growth, solvency and total return.