Information Services Co. Plans Quarterly Dividend of $0.23 (TSE:ISV)

Information Services Co. (TSE:ISV) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.23 per share on Monday, July 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 28th.

Information Services Stock Down 0.5 %

Shares of Information Services stock traded down C$0.13 on Thursday, reaching C$25.62. The stock had a trading volume of 600 shares, compared to its average volume of 5,342. The company has a quick ratio of 1.69, a current ratio of 0.76 and a debt-to-equity ratio of 110.89. The stock has a market capitalization of C$461.16 million, a P/E ratio of 18.53, a P/E/G ratio of 1.19 and a beta of 0.61. The company has a 50 day moving average price of C$26.21 and a 200 day moving average price of C$23.54. Information Services has a 1 year low of C$19.22 and a 1 year high of C$28.65.

Information Services (TSE:ISV) last released its quarterly earnings results on Tuesday, March 12th. The company reported C$0.54 earnings per share (EPS) for the quarter. Information Services had a net margin of 11.68% and a return on equity of 15.44%. The business had revenue of C$57.49 million for the quarter, compared to analyst estimates of C$54.00 million. As a group, equities research analysts forecast that Information Services will post 1.750167 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Katherine Hillman-Weir sold 12,311 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$27.44, for a total value of C$337,813.84. 30.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. CIBC upped their target price on Information Services from C$31.00 to C$32.00 in a research report on Thursday, March 14th. Royal Bank of Canada upped their price objective on shares of Information Services from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a report on Thursday, March 14th. Finally, Raymond James lifted their target price on shares of Information Services from C$27.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th.

Information Services Company Profile

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.