Information Services (TSE:ISV) Stock Passes Below Two Hundred Day Moving Average of $22.58

Information Services Co. (TSE:ISV – Get Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.58 and traded as low as C$20.54. Information Services shares last traded at C$20.60, with a volume of 10,635 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on ISV. Raymond James lifted their target price on shares of Information Services from C$26.00 to C$27.00 and gave the stock a “market perform” rating in a research report on Thursday, March 16th. Cormark lowered their price target on shares of Information Services from C$33.00 to C$28.00 in a report on Friday, May 5th. Finally, Royal Bank of Canada lowered their target price on shares of Information Services from C$26.00 to C$25.00 and set a “sector perform” rating for the company in a report on Friday, May 5th.

Information Services Trading Down 1.9 %

The company has a quick ratio of 1.69, a current ratio of 1.36 and a debt-to-equity ratio of 40.82. The firm’s 50 day simple moving average is C$22.14 and its two-hundred day simple moving average is C$22.58. The stock has a market cap of C$364.62 million, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.54.

Information Services (TSE:ISV – Get Rating) last released its quarterly earnings results on Tuesday, March 14th. The company reported C$0.22 EPS for the quarter. The business had revenue of C$46.10 million during the quarter, compared to analyst estimates of C$47.60 million. Information Services had a net margin of 15.51% and a return on equity of 20.21%. As a group, equities research analysts predict that Information Services Co. will post 1.6380655 earnings per share for the current fiscal year.

Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Friday, June 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Thursday, June 29th. Information Services’s payout ratio is 54.76%.

About Information Services

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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 land titles registry services that issues titles to land and registers transactions affecting titles; land surveys 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.