Information Services (TSE:ISV) Stock Price Breaks Below Two Hundred Day Moving Average of $22.95

Shares of Information Services Co. (TSE: ISV – Get Rating) crossed below its two-hundred-day moving average during Friday’s trading. The stock has a two hundred day moving average of C$22.95 and is trading as low as C$21.03. Information services shares last traded at C$21.03, with a volume of 6,100 shares traded in hands.

Several research companies have published reports on ISV. CIBC lowered its price target on information services from C$30.00 to C$25.00 in a Thursday, March 17 research note. Acumen Capital raised its price target on information services from C$30.75 to C$31.50 and gave the company a “buy” rating in a Thursday, March 17 report. Royal Bank of Canada lowered its price target on information services from C$27.00 to C$25.00 and set an “sector performance” rating on the stock in a research report on Friday, May 6. Finally, Raymond James lowered its price target on information services from C$29.00 to C$27.00 and set an “outperform” rating for the stock in a report released Friday, May 6.

The stock has a market capitalization of C$368.03 million and a P/E ratio of 11.19. The company has a debt ratio of 35.49, a quick ratio of 1.36 and a current ratio of 1.47. The company has a 50-day moving average price of CA$20.79 and a 200-day moving average price of CA$22.95.

News Services (TSE: ISV – Get Rating) last reported quarterly results on Wednesday, May 4. The company reported EPS of C$0.41 for the quarter. The company posted revenue of C$44.15 million in the quarter, compared to a consensus estimate of C$40.30 million. As a group, research analysts expect Information Services Co. to post earnings per share of 1.6000001 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.23 per share. The ex-date of this dividend is Wednesday, June 29. This represents an annualized dividend of $0.92 and a dividend yield of 4.37%. The information services payout ratio is currently 45.77%.

Separately, director Doug Emsley purchased 4,760 shares of the company in a transaction dated Monday, June 13. The shares were acquired at an average price of CA$21.00 per share, with a total value of CA$99,960.00. Following the completion of the purchase, the director now directly owns 7,710 shares of the company, valued at C$161,910.

About Information Services (TSE: ISV)

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

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