Insider Buying: Iress Limited (ASX:IRE) Insider Purchases 34,399 Shares of Stock

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

Iress Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.98 and a debt-to-equity ratio of 129.62. The company has a market capitalization of $1.69 billion, a P/E ratio of 87.09, a PEG 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. Stockholders of record on Sunday, March 30th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.3%. The ex-dividend date is Sunday, March 9th. Iress’s dividend payout ratio (DPR) is currently 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.