Royal Bank of Canada Increases Information Services (TSE:ISV) Price Target to C$30.00

Information Services (TSE:ISV) had its price target lifted by Royal Bank of Canada from C$27.00 to C$30.00 in a report published on Friday, BayStreet.CA reports.

Information Services Trading Down 1.5 %

Shares of Information Services stock opened at C$26.70 on Friday. The company has a quick ratio of 1.69, a current ratio of 0.73 and a debt-to-equity ratio of 110.16. Information Services has a 12-month low of C$19.22 and a 12-month high of C$28.65. The company has a market capitalization of C$484.07 million, a price-to-earnings ratio of 25.92, a PEG ratio of 1.19 and a beta of 0.58. The firm’s 50-day moving average price is C$25.94 and its two-hundred day moving average price is C$25.62.

Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.45%. Information Services’s dividend payout ratio (DPR) is 89.32%.

Insider Buying and Selling at Information Services

In other Information Services news, Senior Officer Shawn Peters bought 5,000 shares of Information Services stock in a transaction on Monday, May 27th. The shares were purchased at an average price of C$26.03 per share, with a total value of C$130,145.00. Company insiders own 30.05% of the company’s stock.

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.