Shares of Information Services Group, Inc. (NASDAQ:III - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.05 and traded as low as $4.14. Information Services Group shares last traded at $4.17, with a volume of 149,247 shares trading hands.
Wall Street Analyst Weigh In
III has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Information Services Group in a research note on Wednesday, January 28th. Finally, Barrington Research restated an "outperform" rating and set a $5.50 price target on shares of Information Services Group in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.50.
Read Our Latest Stock Report on Information Services Group
Information Services Group Price Performance
The business has a fifty day moving average of $4.15 and a 200-day moving average of $5.05. The firm has a market cap of $198.78 million, a PE ratio of 23.17, a PEG ratio of 0.90 and a beta of 1.06. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.63.
Information Services Group (NASDAQ:III - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. Information Services Group had a return on equity of 11.49% and a net margin of 3.82%.The business had revenue of $61.21 million for the quarter, compared to analysts' expectations of $61.11 million. As a group, research analysts predict that Information Services Group, Inc. will post 0.27 earnings per share for the current year.
Information Services Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.045 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.18 annualized dividend and a yield of 4.3%. Information Services Group's dividend payout ratio is currently 100.00%.
Institutional Trading of Information Services Group
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider's stock worth $54,000 after purchasing an additional 3,739 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Information Services Group by 250.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider's stock valued at $48,000 after acquiring an additional 7,177 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Information Services Group in the 3rd quarter valued at about $60,000. American Century Companies Inc. purchased a new stake in shares of Information Services Group in the 2nd quarter valued at about $53,000. Finally, Verdad Advisers LP purchased a new stake in shares of Information Services Group in the 4th quarter valued at about $67,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
Information Services Group Company Profile
(
Get Free Report)
Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.
ISG's core offerings include sourcing advisory, managed governance, market intelligence and research services.
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