Royal Bank of Canada raises its price target on Information Services (TSE:ISV) to $30.00

Information Services (TSE:ISV – Free Report) Their target price was upped by Royal Bank of Canada from $27.00 to $30.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Trade in information services down 1.5%

Shares of ISV opened at $27.10 on Friday. The company has a market cap of $491.32 million, a P/E ratio of 26.31, a P/E/G ratio of 1.19 and a beta of 0.58. Information Services has a 12-month low of $19.22 and a 12-month high of $28.65. The company has a quick ratio of 1.69, a current ratio of 0.73, and a debt-to-equity ratio of 110.16. The firm has a 50-day moving average price of $25.91 and a 200-day moving average price of $25.60.

Information services announce dividends

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.23 dividend. This represents a dividend of $0.92 on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, September 27. Information Services’s dividend payout ratio is currently 89.32%.

Insiders place their bets

In related news, SVP Shawn Peters acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 27th. The stock was purchased at an average price of $26.03 per share, with a total value of $130,145.00. Insiders own 30.05% of the company’s shares.

Information service company profile

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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 title registration services that issue title deeds and record transactions affecting titles; land survey services, which record land survey plans and create a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manage geographic data in relation to the cadastral parcel mapping system.

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