Information Services (TSE:ISV) Stock Price Down 1.2% – Here’s What Happened

Information Services Co. (TSE:ISV) shares traded down 1.2% during trading on Wednesday . The stock traded as low as C$27.37 and last traded at C$27.50. 5,000 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 5,228 shares. The stock had previously closed at C$27.82.

Analyst Ratings Changes

Separately, CIBC boosted their target price on Information Services from C$34.00 to C$35.00 in a report on Thursday, November 7th.

Information Services Stock Down 1.2 %

The firm has a market cap of C$498.58 million, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The company has a quick ratio of 1.69, a current ratio of 0.74 and a debt-to-equity ratio of 99.98. The firm has a fifty day moving average of C$28.04 and a 200-day moving average of C$27.19.

Information Services (TSE:ISV) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$60.93 million during the quarter, compared to analysts’ expectations of C$63.40 million. Information Services had a return on equity of 12.37% and a net margin of 8.75%. On average, equities research analysts anticipate that Information Services Co. will post 2.2194553 earnings per share for the current year.

Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.35%. Information Services’s dividend payout ratio is presently 80.70%.

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.