Information Services Group (NASDAQ:III) Stock Passes Above 50 Day Moving Average - What's Next?

Information Services Group, Inc. (NASDAQ:III - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.37 and traded as high as $4.79. Information Services Group shares last traded at $4.55, with a volume of 229,420 shares changing hands.

Analyst Upgrades and Downgrades

III has been the subject of a number of research reports. Sidoti upgraded shares of Information Services Group to a "hold" rating in a research report on Monday, May 12th. Barrington Research lifted their price objective on Information Services Group from $3.75 to $5.50 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, Wall Street Zen downgraded Information Services Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th.

Information Services Group Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $228.95 million, a PE ratio of 31.67, a P/E/G ratio of 1.31 and a beta of 1.23. The company's fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $3.73.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group's payout ratio is 120.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in III. Price T Rowe Associates Inc. MD boosted 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 worth $47,000 after acquiring an additional 3,092 shares during the last quarter. Picton Mahoney Asset Management raised its stake in Information Services Group by 47.2% during the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock worth $32,000 after purchasing an additional 3,110 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider's stock valued at $1,150,000 after purchasing an additional 3,453 shares during the last quarter. Invesco Ltd. grew its stake in shares of Information Services Group by 22.5% during the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider's stock valued at $80,000 after buying an additional 3,780 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Information Services Group by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider's stock valued at $70,000 after buying an additional 4,741 shares during the period. 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.