Information Services (TSE:ISV) Trading Down 1.2% – Here’s Why

Information Services Co. (TSE:ISV)’s stock price was down 1.2% on Wednesday . The company traded as low as C$27.37 and last traded at C$27.50. Approximately 5,000 shares were traded during trading, a decline of 4% from the average daily volume of 5,228 shares. The stock had previously closed at C$27.82.

Wall Street Analysts Forecast Growth

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

Information Services Stock Performance

The company has a current ratio of 0.74, a quick ratio of 1.69 and a debt-to-equity ratio of 99.98. The stock has a market cap of C$498.58 million, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.19 and a beta of 0.59. The company has a fifty day simple moving average of C$28.01 and a 200-day simple moving average of C$27.21.

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

Information Services Announces Dividend

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

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.