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

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

Iress Price Performance

The company has a current ratio of 1.98, a quick ratio of 1.45 and a debt-to-equity ratio of 129.62. The firm has a market capitalization of $1.69 billion, a P/E ratio of 87.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

Iress Cuts Dividend

The company also recently declared a Final dividend, which will be paid on Sunday, March 30th. Shareholders of record on Sunday, March 30th will be given a dividend of $0.10 per share. The ex-dividend date is Sunday, March 9th. This represents a yield of 1.3%. Iress’s payout ratio 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.