Information Services Group (NASDAQ:III) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Information Services Group (NASDAQ:III - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Other research analysts also recently issued research reports about the company. Barrington Research boosted their target price on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research note on Monday, May 12th. Sidoti upgraded Information Services Group to a "hold" rating in a research note on Monday, May 12th.

Information Services Group Stock Up 2.3%

NASDAQ III traded up $0.11 on Friday, reaching $4.82. The stock had a trading volume of 192,938 shares, compared to its average volume of 117,855. The business has a 50 day moving average price of $4.16 and a 200 day moving average price of $3.64. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.05. The company has a market capitalization of $232.34 million, a price-to-earnings ratio of -68.85, a P/E/G ratio of 1.34 and a beta of 1.23.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 3.73%. Information Services Group's dividend payout ratio (DPR) is presently 120.00%.

Institutional Trading of Information Services Group

Several large investors have recently made changes to their positions in III. Raymond James Financial Inc. bought a new stake in shares of Information Services Group during the 4th quarter worth about $698,000. Private Capital Management LLC lifted its position in shares of Information Services Group by 2.9% during the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock worth $18,422,000 after purchasing an additional 159,141 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Information Services Group by 11,468.6% during the 4th quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock worth $386,000 after purchasing an additional 114,686 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Information Services Group by 396.6% during the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock worth $384,000 after purchasing an additional 78,364 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Information Services Group during the 1st quarter worth about $267,000. Institutional investors own 73.10% of the company's stock.

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.