Information Services Group (NASDAQ:III) Share Price Passes Above 50-Day Moving Average - Here's Why

Information Services Group, Inc. (NASDAQ:III - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.41 and traded as high as $3.57. Information Services Group shares last traded at $3.52, with a volume of 101,142 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on III shares. StockNews.com upgraded shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 10th. Barrington Research restated an "outperform" rating and set a $3.75 price target on shares of Information Services Group in a report on Monday, March 10th.

Information Services Group Trading Up 0.5 %

The firm has a 50-day moving average price of $3.45 and a 200-day moving average price of $3.35. The stock has a market cap of $179.51 million, a PE ratio of -53.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Friday, March 21st. Information Services Group's dividend payout ratio is currently 360.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Information Services Group by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock valued at $47,000 after acquiring an additional 3,092 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in 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 buying an additional 3,110 shares in the last quarter. Williams & Novak LLC raised its position in shares of Information Services Group by 10.3% during the fourth quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider's stock valued at $146,000 after buying an additional 4,080 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Information Services Group by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider's stock worth $70,000 after acquiring an additional 4,741 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Information Services Group by 195.9% in 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 acquiring an additional 5,104 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.