Information Services (TSE:ISV) Price Target Raised to C$35.00

Information Services (TSE:ISV) had its price target upped by CIBC from C$34.00 to C$35.00 in a research note released on Thursday,BayStreet.CA reports.

Separately, Royal Bank of Canada upped their target price on Information Services from C$27.00 to C$30.00 in a report on Friday, August 9th.

Information Services Stock Up 0.0 %

Shares of TSE:ISV traded up C$0.01 during trading on Thursday, reaching C$28.01. 4,936 shares of the stock traded hands, compared to its average volume of 5,353. The stock has a 50-day moving average of C$28.50 and a two-hundred day moving average of C$26.95. Information Services has a 52-week low of C$19.72 and a 52-week high of C$30.00. The company has a debt-to-equity ratio of 99.98, a quick ratio of 1.69 and a current ratio of 0.74. The stock has a market cap of C$507.82 million, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59.

Information Services (TSE:ISV) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter. The firm had revenue of C$60.93 million for 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%. As a group, sell-side analysts expect that Information Services will post 2.2194553 earnings per share for the current fiscal year.

Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.23 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 3.28%. Information Services’s dividend payout ratio (DPR) is presently 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.