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

Information Services Co. (TSE:ISV) declared 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 yield of 3.59%. The ex-dividend date is Friday, June 28th.

Information Services Price Performance

ISV stock traded down C$0.13 during trading on Thursday, hitting C$25.62. 600 shares of the company’s stock traded hands, compared to its average volume of 5,342. Information Services has a 52 week low of C$19.22 and a 52 week high of C$28.65. The company has a debt-to-equity ratio of 110.89, a quick ratio of 1.69 and a current ratio of 0.76. The business has a fifty day simple moving average of C$26.21 and a 200 day simple moving average of C$23.54. The stock has a market capitalization of C$461.16 million, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.19 and a beta of 0.61.

Information Services (TSE:ISV) last released its quarterly earnings data on Tuesday, March 12th. The company reported C$0.54 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 during the quarter, compared to analyst estimates of C$54.00 million. As a group, research analysts expect that Information Services will post 1.750167 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Katherine Hillman-Weir sold 12,311 shares of the company’s 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. Insiders own 30.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in 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 company an “outperform” rating in a research note on Thursday, March 14th. Royal Bank of Canada raised their price target on shares of Information Services from C$24.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 14th. Finally, CIBC raised their price target on shares of Information Services from C$31.00 to C$32.00 in a research note 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.