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

Key Points

• Information Services Group shares broke above their 50-day moving average, reaching $5.80 and last trading at $5.70, compared with a 50-day average of $5.03.
• Analyst sentiment is moderately positive: Weiss Ratings upgraded the stock’s rating from “hold (c)” to “hold (c+),” while the consensus rating is “Moderate Buy” with a $5.50 price target.
• The company exceeded quarterly expectations, reporting $0.10 in EPS versus $0.05 expected and revenue of $65.49 million versus $62.86 million expected. It also pays a quarterly dividend of $0.045, representing a 3.2% yield.

Information Services Group, Inc. (NASDAQ:III - Get Free Report) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $5.03 and traded as high as $5.80. Information Services Group shares last traded at $5.70, with a volume of 212,314 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.50.

Information Services Group Stock Down 0.7%

The stock's 50 day simple moving average is $5.03 and its two-hundred day simple moving average is $4.43. The firm has a market cap of $275.95 million, a P/E ratio of 24.78, a P/E/G ratio of 1.27 and a beta of 1.11. 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 quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $65.49 million for the quarter, compared to analysts' expectations of $62.86 million. Information Services Group had a return on equity of 13.59% and a net margin of 4.67%. As a group, research analysts forecast that Information Services Group, Inc. will post 0.28 earnings per share for the current year.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.0450 dividend. This represents a $0.18 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Information Services Group's payout ratio is 78.26%.

Institutional Investors Weigh In On Information Services Group

A number of institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. grew its position in Information Services Group by 28.9% during the 2nd quarter. Baird Financial Group Inc. now owns 40,525 shares of the business services provider's stock valued at $167,000 after purchasing an additional 9,080 shares during the last quarter. Corient Private Wealth LP purchased a new position in Information Services Group in the second quarter worth about $41,000. Susquehanna International Group LLP lifted its stake in shares of Information Services Group by 55.0% in the second quarter. Susquehanna International Group LLP now owns 26,717 shares of the business services provider's stock worth $110,000 after buying an additional 9,485 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Information Services Group by 34.2% during the second quarter. Hsbc Holdings PLC now owns 64,061 shares of the business services provider's stock valued at $263,000 after buying an additional 16,328 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Information Services Group during the second quarter valued at approximately $107,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Company Profile

Information Services Group, Inc NASDAQ: III is a global technology research and advisory firm that helps businesses, government organizations and service providers navigate digital transformation and technology sourcing. The company provides data, insights and consulting services focused on information technology, business process services and emerging technologies.

Its offerings include technology and services-market intelligence, benchmarking, sourcing advisory, provider evaluations, contract assistance and transformation consulting.

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