Sidoti Upgrades Information Services Group (NASDAQ:III) to Hold

Sidoti upgraded shares of Information Services Group (NASDAQ:III - Free Report) to a hold rating in a research report report published on Monday, May 12th,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Information Services Group from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th. Barrington Research upped their price objective on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research report on Monday, May 12th.

Information Services Group Price Performance

Information Services Group stock traded up $0.11 during mid-day trading on Monday, reaching $4.85. 107,034 shares of the company's stock traded hands, compared to its average volume of 112,667. Information Services Group has a 12-month low of $2.92 and a 12-month high of $5.05. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $3.86 and a two-hundred day moving average of $3.50. The company has a market cap of $233.55 million, a price-to-earnings ratio of -69.20, a PEG ratio of 1.34 and a beta of 1.08.

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 issued a $0.045 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 3.72%. Information Services Group's dividend payout ratio (DPR) is presently 120.00%.

Hedge Funds Weigh In On Information Services Group

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Information Services Group during the fourth quarter valued at approximately $698,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Information Services Group during the 4th quarter worth approximately $38,000. Private Capital Management LLC boosted its holdings in Information Services Group by 2.9% during the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock valued at $18,422,000 after acquiring an additional 159,141 shares during the period. Dimensional Fund Advisors LP grew its position in Information Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider's stock valued at $4,833,000 after acquiring an additional 63,699 shares during the last quarter. Finally, Barclays PLC increased its stake in Information Services Group by 9.3% in the fourth quarter. Barclays PLC now owns 110,539 shares of the business services provider's stock worth $369,000 after purchasing an additional 9,428 shares during the period. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Company Profile

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.