Information Services - ISV Stock Forecast, Price & News

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. It also offers personal property registry services in which security interests and other interests in personal property are registered; and corporate registry for registering business corporations, non-profit corporations, co-operatives, sole proprietorships, partnerships, and business names. In addition, the company provides nationwide search, business name registration, and corporate filing services; corporate minute books, corporate seals/embossers, by-laws and share certificates, and rubber and self-inking stamps; Know-Your-Customer and collateral management services; and public records search services, which includes corporate profiles, business name, NUANS, PPSA, security, and real estate searches, as well as birth, death, and marriage certificate searches. Further, it offers security searches for present and historical information relating to debts and liabilities, pending and potential lawsuits, bankruptcy, liens, judgments, and sales of assets; recovery solutions that aids in facilitating and coordinating asset recovery; and RegSys, a multi-register platform. The company was formerly known as Saskatchewan Land Information Services Corporation and changed its name to Information Services Corporation in November 2000. Information Services Corporation was founded in 2000 and is headquartered in Regina, Canada.

Information Services Price Performance

ISV Stock opened at C$24.00 on Thursday. Information Services has a 52-week low of C$19.12 and a 52-week high of C$31.25. The business has a 50-day simple moving average of C$21.05 and a two-hundred day simple moving average of C$21.95. The company has a market capitalization of C$422.64 million and a P/E ratio of 11.01. The company has a debt-to-equity ratio of 60.84, a quick ratio of 1.57 and a current ratio of 1.73.

Information Services (TSE:ISV - Get Rating) last announced its earnings results on Wednesday, August 3rd. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$50.87 million during the quarter, compared to analysts' expectations of C$43.40 million. Research analysts expect that Information Services will post 1.8587235 EPS for the current fiscal year.

Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, September 28th. Information Services's payout ratio is currently 40.83%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ISV. Cormark lifted their price objective on Information Services from C$31.00 to C$33.00 in a report on Friday, August 5th. Raymond James upped their price objective on Information Services from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, August 5th. CIBC boosted their target price on Information Services from C$25.00 to C$26.00 in a research note on Friday, August 5th. Finally, Royal Bank of Canada upped their price objective on Information Services from C$25.00 to C$26.00 and gave the stock a "sector perform" rating in a research report on Friday, August 5th.

Insider Buying and Selling at Information Services

In other news, Director Doug Emsley bought 4,760 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of C$21.00 per share, for a total transaction of C$99,960.00. Following the completion of the transaction, the director now owns 7,710 shares of the company's stock, valued at C$161,910.