Information Services Group (NASDAQ:III) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Information Services Group shares rose above their 50-day moving average, trading as high as $5.19 and last changing hands at $5.12, compared with a 50-day average of $4.43.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $5.50; the company recently beat quarterly expectations, reporting $0.10 EPS and $65.49 million in revenue.
• ISG declared a quarterly dividend of $0.045 per share, equivalent to an annualized $0.18 payout and a 3.5% yield, while institutional investors own approximately 73.1% of the stock.

Shares of Information Services Group, Inc. (NASDAQ:III - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.43 and traded as high as $5.19. Information Services Group shares last traded at $5.12, with a volume of 217,690 shares.

Analyst Ratings Changes

III has been the topic of a number of research reports. Wall Street Zen lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Information Services Group has a consensus rating of "Moderate Buy" and an average target price of $5.50.

Information Services Group Price Performance

The stock has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $4.31. The company has a market cap of $247.86 million, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.81 and a quick ratio of 2.81.

Information Services Group (NASDAQ:III - Get Free Report) last issued its earnings results on Wednesday, August 5th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Information Services Group had a return on equity of 13.59% and a net margin of 4.67%.The company had revenue of $65.49 million during the quarter, compared to analysts' expectations of $62.86 million. On average, equities research analysts predict that Information Services Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.5%. Information Services Group's dividend payout ratio is currently 78.26%.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Information Services Group in the 2nd quarter valued at approximately $12,756,000. Bank of New York Mellon Corp purchased a new stake in shares of Information Services Group during the 2nd quarter valued at approximately $2,118,000. JB Capital Partners LP purchased a new stake in shares of Information Services Group during the 2nd quarter valued at approximately $2,004,205. Essex Investment Management Co. LLC acquired a new position in Information Services Group in the fourth quarter valued at approximately $2,177,000. Finally, Renaissance Technologies LLC lifted its holdings in Information Services Group by 21.9% in the first quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider's stock valued at $7,254,000 after acquiring an additional 339,343 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

About Information Services Group

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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