CNSWF News and Press, Constellation Software Inc From 01/04/23

Summary With PHX Minerals' 2020 hedges completely rolling in early 2023, it should lead to higher realized prices and cash flow, assuming commodity prices in 2023 are what they were in 2022. I like the company's acquisition model and explain why it should be a strong tailwind for PHX Mi...

Summary Constellation Software announced two weeks ago that it would spin out Lumine to acquire WideOrbit. Constellation shareholders will receive 3 shares of Lumine per Constellation share owned sometime next year. We go over all the details of the spin-out to give you some context...

Summary I look at my updated top 10 holdings and note which companies I want to add to and which ones I intend to leave steady. I highlight some "Compounder" names I'm looking to add in 2023. I touch on the four new positions I added to my portfolio this month. I discuss four co...

Summary Akre Capital Management’s 13F portfolio value decreased from $12.49B to $11.34B this quarter. They increased DigitalBridge Group while decreasing Goosehead Insurance during the quarter. The top three positions are Mastercard, American Tower, and Moody’s, and th...

Summary Ruane, Cunniff & Goldfarb’s 13F portfolio value decreased from $7.67B to $6.73B this quarter. The number of positions remained steady at 31. They added Capital One Financial and increased Meta Platforms while decreasing Taiwan Semi, Netflix, and Micron during the quar...

Summary Topicus recently reported Q3 earnings. They were very good at first sight. Margins compressed, but this is not uncommon for a serial acquirer such as Topicus. We explain why. Some investors are worried about the low organic growth, especially when compared with Constel...

Summary Constellation Software Inc. reported a strong Q3 aided by the acquisition of Altera. Expenses grew faster than revenue, but there was good news here too. Organic growth in maintenance and recurring was strong again despite Altera weighing negatively. It was an aver...

Constellation Software press release ( OTCPK:CNSWF ): Q3 GAAP EPS of C$6.42. Revenue of C$1.73B (+33.1% Y/Y). For further details see: Constellation Software GAAP EPS of C$6.42, revenue of C$1.73B

Summary Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC. For the third quarter ended September 30, 2022, the Giverny Capital Asset Man...

Summary Topicus.com Inc. has a strong history of creating shareholder value, and is owned by one of the greatest serial acquirers in financial market history. The inflation driven market turmoil of 2022 has hit software companies the hardest, providing companies with experienced m...