Is Constellation Software (CNSWF) Stock Outpacing Its Computer and Technology Peers This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Constellation Software Inc. (CNSWF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Constellation Software Inc. is a member of the Computer and Technology sector. This group includes 609 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Constellation Software Inc. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CNSWF's full-year earnings has moved 19.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, CNSWF has moved about 16.1% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have lost about 10.6% on average. This means that Constellation Software Inc. is performing better than its sector in terms of year-to-date returns.One other Computer and Technology stock that has outperformed the sector so far this year is Greenland Technologies Holding Corporation (GTEC). The stock is up 1% year-to-date.Over the past three months, Greenland Technologies Holding Corporation's consensus EPS estimate for the current year has increased 4.4%. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Constellation Software Inc. belongs to the Internet - Software industry, a group that includes 168 individual companies and currently sits at #141 in the Zacks Industry Rank. This group has lost an average of 5.1% so far this year, so CNSWF is performing better in this area.In contrast, Greenland Technologies Holding Corporation falls under the Electronics - Miscellaneous Products industry. Currently, this industry has 34 stocks and is ranked #142. Since the beginning of the year, the industry has moved -6.9%.Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Constellation Software Inc. and Greenland Technologies Holding Corporation as they could maintain their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Software Inc. (CNSWF): Free Stock Analysis Report Greenland Technologies Holding Corporation (GTEC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks