Information Services Group, Inc. (NASDAQ:III - Free Report) - Analysts at Sidoti issued their FY2028 earnings estimates for Information Services Group in a note issued to investors on Tuesday, November 3rd. Sidoti analyst M. Riddick forecasts that the business services provider will earn $0.36 per share for the year. The consensus estimate for Information Services Group's current full-year earnings is $0.28 per share.
Separately, Weiss Ratings raised shares of Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $5.50.
Read Our Latest Research Report on III
Information Services Group Price Performance
Shares of III opened at $5.96 on Friday. The company has a 50 day moving average price of $5.59 and a 200-day moving average price of $4.71. Information Services Group has a fifty-two week low of $3.74 and a fifty-two week high of $6.45. The stock has a market capitalization of $283.76 million, a PE ratio of 24.83, a PEG ratio of 1.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.81 and a current ratio of 2.80.
Information Services Group (NASDAQ:III - Get Free Report) last issued its earnings results on Monday, November 2nd. The business services provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. Information Services Group had a net margin of 4.74% and a return on equity of 13.41%. The company had revenue of $65.11 million for the quarter, compared to analysts' expectations of $64.02 million.
Institutional Trading of Information Services Group
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Information Services Group during the 2nd quarter worth $12,756,000. Renaissance Technologies LLC increased its position in shares of Information Services Group by 21.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider's stock worth $7,254,000 after purchasing an additional 339,343 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Information Services Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,541,036 shares of the business services provider's stock valued at $5,918,000 after buying an additional 8,126 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Information Services Group by 4.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 845,203 shares of the business services provider's stock valued at $3,246,000 after buying an additional 38,500 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Information Services Group in the 2nd quarter valued at about $2,118,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
Information Services Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.0450 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.0%. Information Services Group's dividend payout ratio is presently 75.00%.
About Information Services Group
(
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Information Services Group, Inc NASDAQ: III is a global technology research and advisory firm that helps organizations evaluate, plan and manage technology-related business initiatives. The company provides data, insights and consulting services to enterprises, technology providers and other organizations navigating changes in digital technology and business operations.
ISG's services cover areas including digital transformation, cloud computing, artificial intelligence, automation, cybersecurity, data and analytics, enterprise applications, and information technology sourcing.
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