This TSX stock is up nearly 195% this year

Core Viewpoint - Constellation Software Inc. experienced a significant drop in shares following the resignation of founder and CEO Mark Leonard due to health reasons, with analysts suggesting the selloff was excessive and the company is well-positioned for continued growth [1][1][1] Leadership Transition - Mark Leonard resigned after 30 years, and Mark Miller, previously the COO since 2001, has taken over as the new president and CEO [1][1] - Analysts believe Miller is capable of leading the company, but there is a consensus that Leonard's departure may impact the company's historical premium valuation [1][1][1] Analyst Insights - BMO Capital Markets analyst Thanos Moschopoulos stated that while Leonard is "irreplaceable," the company's established strategies and decentralized structure should support ongoing growth [1][1] - National Bank analyst Richard Tse noted that the market will need to see continued execution from the new leadership before restoring the stock's historical premium valuation [1][1] - TD Cowen analyst David Kwan highlighted that Constellation has an earnings premium compared to its peers and that the current valuation is nearing a 10-year low, making the risk/reward profile attractive [1][1][1] Stock Performance - Following the announcement of Leonard's resignation, Constellation's stock dropped over five percent but has since rebounded to close at $4,029, although it remains down more than nine percent year-to-date [1][1][1] - Target prices from analysts post-conference call include National Bank at $4,500, TD at $5,700, and BMO at $5,400 [1][1]