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

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

A number of other equities research analysts have also recently weighed in on the company. Barrington Research upped their price target on Information Services Group from $3.75 to $5.50 and gave the stock an "outperform" rating in a report on Monday, May 12th. Sidoti upgraded shares of Information Services Group to a "hold" rating in a research report on Monday, May 12th.

Information Services Group Price Performance

Shares of NASDAQ III traded down $0.12 during trading on Friday, hitting $4.70. 180,460 shares of the company were exchanged, compared to its average volume of 118,224. The company has a market cap of $226.56 million, a price-to-earnings ratio of -67.13, a PEG ratio of 1.34 and a beta of 1.23. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.05. The firm's fifty day moving average price is $4.16 and its 200 day moving average price is $3.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, June 6th. Information Services Group's payout ratio is currently 120.00%.

Institutional Investors Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of III. Raymond James Financial Inc. purchased a new stake in Information Services Group in the 4th quarter valued at approximately $698,000. Private Capital Management LLC lifted its holdings in Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock valued at $18,422,000 after purchasing an additional 159,141 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Information Services Group by 11,468.6% in the 4th quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock valued at $386,000 after purchasing an additional 114,686 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Information Services Group by 396.6% in the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock valued at $384,000 after purchasing an additional 78,364 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Information Services Group in the 1st quarter valued at about $267,000. Hedge funds and other 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.