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 issued to investors on Thursday morning,BayStreet.CA reports.

Separately, Royal Bank of Canada raised their price objective on shares of Information Services from C$27.00 to C$30.00 in a research note on Friday, August 9th.

Information Services Stock Up 1.5 %

ISV stock opened at C$28.43 on Thursday. Information Services has a one year low of C$19.72 and a one year high of C$30.00. The stock has a market capitalization of C$515.44 million, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. 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 company has a fifty day moving average of C$28.53 and a 200-day moving average of C$26.96.

Information Services (TSE:ISV) last released its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter. Information Services had a net margin of 8.75% and a return on equity of 12.37%. The company had revenue of C$60.93 million during the quarter, compared to analysts’ expectations of C$63.40 million. As a group, analysts expect that Information Services will post 2.2194553 EPS for the current year.

Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 31st. Information Services’s dividend payout ratio (DPR) is 80.70%.

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.