Insider Selling: Information Services Co. (TSE:ISV) Senior Officer Sells 12,311 Shares of Stock

Information Services Co. (TSE:ISV) Senior Officer Katherine Hillman-Weir sold 12,311 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$27.44, for a total transaction of C$337,813.84.

Information Services Stock Up 0.9 %

ISV stock opened at C$27.69 on Friday. The stock has a market capitalization of C$498.42 million, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.56. The company has a current ratio of 0.76, a quick ratio of 1.69 and a debt-to-equity ratio of 110.89. Information Services Co. has a 12 month low of C$19.22 and a 12 month high of C$27.78. The firm has a 50-day moving average price of C$24.27 and a 200-day moving average price of C$22.60.

Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Wednesday, March 27th. Information Services’s dividend payout ratio is currently 66.19%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ISV shares. Raymond James increased 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 report on Thursday, March 14th. CIBC increased their target price on shares of Information Services from C$31.00 to C$32.00 in a report on Thursday, March 14th. Finally, Royal Bank of Canada increased their target price on shares of Information Services from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Thursday, March 14th.

About Information Services

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.