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

Shares of Information Services Group, Inc. (NASDAQ:III - Get Free Report) 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 traded.

Analysts Set New Price Targets

Several research firms have weighed in on III. Sidoti raised Information Services Group to a "hold" rating in a research report on Monday, May 12th. Barrington Research boosted their target price on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th.

Information Services Group Stock Performance

The business has a 50 day moving average of $4.37 and a 200-day moving average of $3.72. 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 company has a market capitalization of $219.31 million, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23.

Information Services Group Dividend Announcement

The company 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 $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, June 6th. Information Services Group's payout ratio is currently 120.00%.

Institutional Investors Weigh In On Information Services Group

Institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC lifted its holdings in Information Services Group by 183.8% in the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider's stock worth $35,000 after buying an additional 6,810 shares during the period. Bank of New York Mellon Corp raised its position in shares of Information Services Group by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider's stock worth $1,151,000 after acquiring an additional 17,629 shares in the last quarter. Private Capital Management LLC raised its position in shares of Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock worth $18,422,000 after acquiring an additional 159,141 shares in the last quarter. Unified Investment Management bought a new position in shares of Information Services Group in the 4th quarter worth approximately $124,000. Finally, Raymond James Financial Inc. bought a new position in shares of Information Services Group in the 4th quarter worth approximately $698,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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