Raymond James Raises Information Services (TSE:ISV) Price Target to C$34.00

Information Services (TSE:ISVFree Report) had its target price lifted by Raymond James from C$27.00 to C$34.00 in a report released on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Information Services’ FY2024 earnings at $1.72 EPS and FY2025 earnings at $2.20 EPS.

Separately, CIBC boosted their price objective on Information Services from C$30.00 to C$31.00 and gave the company an outperform rating in a report on Tuesday, February 6th.

Read Our Latest Analysis on ISV

Information Services Price Performance

ISV stock opened at C$25.61 on Thursday. The business has a fifty day moving average of C$23.59 and a two-hundred day moving average of C$22.41. The company has a quick ratio of 1.69, a current ratio of 0.76 and a debt-to-equity ratio of 110.89. The stock has a market cap of C$460.98 million, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.19 and a beta of 0.56. Information Services has a 52-week low of C$19.22 and a 52-week high of C$26.98.

Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, March 27th. Information Services’s dividend payout ratio (DPR) is 66.19%.

Information Services Company Profile

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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 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.

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