Information Services Group (NASDAQ:III) Stock Rating Lowered by Wall Street Zen

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

Other equities research analysts have also issued research reports about the company. Barrington Research lifted their price objective on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a report on Monday, May 12th. Sidoti raised Information Services Group to a "hold" rating in a report on Monday, May 12th.

Information Services Group Stock Performance

Shares of NASDAQ III traded up $0.04 during midday trading on Friday, reaching $5.03. 231,095 shares of the company were exchanged, compared to its average volume of 119,892. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.62. Information Services Group has a 1 year low of $2.95 and a 1 year high of $5.15. The stock has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $3.80. The stock has a market cap of $242.47 million, a P/E ratio of 33.53, a PEG ratio of 1.47 and a beta of 1.21.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.58%. Information Services Group's payout ratio is 120.00%.

Institutional Investors Weigh In On Information Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of III. Raymond James Financial Inc. purchased a new stake in Information Services Group in the 4th quarter valued at approximately $698,000. Russell Investments Group Ltd. lifted its stake 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 buying an additional 114,686 shares in the last quarter. Mackenzie Financial Corp lifted its stake 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 buying an additional 78,364 shares in the last quarter. Nuveen LLC purchased a new stake in Information Services Group in the 1st quarter valued at approximately $267,000. Finally, Dimensional Fund Advisors LP lifted its stake in Information Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider's stock valued at $4,833,000 after buying an additional 63,699 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.