Marcus Price Acquires 34,399 Shares of Iress Limited (ASX:IRE) Stock

Iress Limited (ASX:IRE) insider Marcus Price purchased 34,399 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of A$7.88 ($4.99) per share, for a total transaction of A$271,201.72 ($171,646.66).

Iress Price Performance

The firm has a market capitalization of $1.69 billion, a PE ratio of 87.09, a PEG ratio of 2.48 and a beta of 1.14. The company has a quick ratio of 1.45, a current ratio of 1.98 and a debt-to-equity ratio of 129.62.

Iress Cuts Dividend

The company also recently disclosed a Final dividend, which will be paid on Sunday, March 30th. Stockholders of record on Sunday, March 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Sunday, March 9th. This represents a dividend yield of 1.3%. Iress’s dividend payout ratio (DPR) is 511.11%.

About Iress

Iress Limited engages in the designing and developing software and services for the financial services industry in the Asia Pacific, the United Kingdom and Europe, Africa, and North America. It offers client management, business automation, portfolio data, research, financial planning tools, scaled advice journeys, digital client solutions, data-driven compliance and analytics, and regulatory obligations management solutions; and market data, trading interfaces, order and execution management, smart order routing, FIX services, portfolio management, securities lending, analytical tools, algorithmic trading, market making, CFD clearing, post trade solutions, and trading and market data APIs.