Information Services (TSE:ISV) Shares Pass Above 50 Day Moving Average of $25.49

Information Services Co. (TSE:ISV) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$25.49 and traded as high as C$27.47. Information Services shares last traded at C$26.43, with a volume of 6,320 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ISV. Royal Bank of Canada lifted their price objective on Information Services from C$24.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, March 14th. CIBC raised their price objective on Information Services from C$31.00 to C$32.00 in a research report on Thursday, March 14th. Finally, Raymond James raised their target price on Information Services from C$27.00 to C$34.00 and gave the company an “outperform” rating in a report on Thursday, March 14th.

Information Services Stock Up 3.7 %

The stock has a market cap of C$478.80 million, a P/E ratio of 18.96, 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. The stock’s 50-day moving average is C$25.54 and its 200-day moving average is C$23.17.

Information Services (TSE:ISV) last posted its quarterly earnings data on Tuesday, March 12th. The company reported C$0.54 earnings per share (EPS) for the quarter. The business had revenue of C$57.49 million during the quarter, compared to analysts’ expectations of C$54.00 million. Information Services had a net margin of 11.68% and a return on equity of 15.44%. As a group, research analysts anticipate that Information Services Co. will post 2.1183612 earnings per share for the current fiscal year.

Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.46%. Information Services’s dividend payout ratio (DPR) is 66.19%.

Insider Buying and Selling

In other Information Services news, Senior Officer Katherine Hillman-Weir sold 12,311 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$27.44, for a total value of C$337,813.84. 30.22% of the stock is owned by corporate insiders.

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.