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

Wall Street Zen upgraded shares of Information Services Group (NASDAQ:III - Free Report) from a buy rating to a strong-buy rating in a research note released on Thursday.

III has been the subject of a number of other reports. Barrington Research boosted their price target on shares of Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research report on Monday, May 12th. Sidoti upgraded Information Services Group to a "hold" rating in a research report on Monday, May 12th.

Information Services Group Stock Performance

Shares of NASDAQ III traded up $0.10 during midday trading on Thursday, hitting $4.71. The company's stock had a trading volume of 184,834 shares, compared to its average volume of 114,284. The firm has a market capitalization of $227.04 million, a price-to-earnings ratio of -67.28, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $3.98 and a 200 day moving average price of $3.55. Information Services Group has a one year low of $2.92 and a one year high of $5.05.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group's dividend payout ratio is currently 120.00%.

Institutional Investors Weigh In On Information Services Group

A number of large investors have recently added to or reduced their stakes in III. Tower Research Capital LLC TRC increased its position in shares of Information Services Group by 195.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock valued at $26,000 after purchasing an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Information Services Group by 47.2% during the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock valued at $32,000 after purchasing an additional 3,110 shares during the last quarter. Intech Investment Management LLC purchased a new position in Information Services Group in the 4th quarter worth $34,000. ProShare Advisors LLC purchased a new position in Information Services Group in the 4th quarter worth $34,000. Finally, Access Investment Management LLC lifted its stake in Information Services Group by 183.8% in the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider's stock worth $35,000 after purchasing an additional 6,810 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company's stock.

About Information Services Group

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.