Information Services Group (NASDAQ:III) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Information Services Group, Inc. (NASDAQ:III - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.98 and traded as high as $4.75. Information Services Group shares last traded at $4.61, with a volume of 181,120 shares traded.

Analyst Ratings Changes

Several research firms recently commented on III. Sidoti upgraded Information Services Group to a "hold" rating in a research report on Monday, May 12th. Barrington Research raised their target price on Information Services Group from $3.75 to $5.50 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd.

Information Services Group Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $228.49 million, a P/E ratio of -67.70, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a 50-day moving average of $4.06 and a 200 day moving average of $3.59.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a $0.045 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 3.80%. Information Services Group's dividend payout ratio (DPR) is currently 120.00%.

Institutional Investors Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in shares of Information Services Group by 323.1% in the 1st quarter. Jane Street Group LLC now owns 47,472 shares of the business services provider's stock valued at $186,000 after buying an additional 36,253 shares during the period. Everstar Asset Management LLC acquired a new stake in shares of Information Services Group in the 1st quarter valued at $43,000. Goldman Sachs Group Inc. increased its stake 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 buying an additional 3,453 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Information Services Group in the 1st quarter valued at $83,000. Finally, AQR Capital Management LLC increased its stake in shares of Information Services Group by 73.1% in the 1st quarter. AQR Capital Management LLC now owns 42,519 shares of the business services provider's stock valued at $166,000 after buying an additional 17,956 shares during the period. 73.10% of the stock is owned by institutional investors and hedge funds.

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.