Information Services (TSE:ISV) Stock Passes Below 200-Day Moving Average of $22.08

Information Services Co. (TSE:ISVGet Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.08 and traded as low as C$22.07. Information Services shares last traded at C$22.75, with a volume of 61,731 shares trading hands.

Analyst Ratings Changes

ISV has been the subject of several research analyst reports. Raymond James raised their target price on shares of Information Services from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday. Cormark raised their target price on shares of Information Services from C$31.00 to C$33.00 in a research note on Friday. Royal Bank of Canada increased their price objective on shares of Information Services from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, CIBC increased their price objective on shares of Information Services from C$25.00 to C$26.00 in a research report on Friday.

Information Services Stock Down 0.1 %

The company has a debt-to-equity ratio of 35.49, a current ratio of 1.47 and a quick ratio of 1.36. The company’s 50-day simple moving average is C$20.61 and its 200 day simple moving average is C$22.05. The firm has a market cap of C$397.78 million and a P/E ratio of 12.09.

Information Services (TSE:ISVGet Rating) last released its earnings results on Wednesday, May 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. The firm had revenue of C$44.15 million during the quarter, compared to the consensus estimate of C$40.30 million. Research analysts anticipate that Information Services Co. will post 1.6 EPS for the current fiscal year.

Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.05%. Information Services’s dividend payout ratio (DPR) is presently 45.74%.

Insider Transactions at Information Services

In related news, Director Doug Emsley acquired 4,760 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of C$21.00 per share, for a total transaction of C$99,960.00. Following the acquisition, the director now directly owns 7,710 shares of the company’s stock, valued at approximately C$161,910.

Information Services Company Profile

(Get Rating)

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 surveys 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.

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