Information Services Group (NASDAQ:III) Price Target Raised to $3.75

Information Services Group (NASDAQ:III) had its target price raised by Barrington Research from $3.50 to $3.75 in a report issued on Monday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Separately, Singular Research raised Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Stock Down 0.3 %

Shares of III opened at $3.34 on Monday. The firm has a fifty day moving average price of $3.20 and a 200-day moving average price of $3.22. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $163.90 million, a P/E ratio of -47.86, a P/E/G ratio of 2.73 and a beta of 0.96. Information Services Group has a 12-month low of $2.92 and a 12-month high of $4.98.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.39%. Information Services Group’s dividend payout ratio is currently -257.14%.

Hedge Funds Weigh In On Information Services Group

Institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC purchased a new position in Information Services Group in the third quarter valued at about $32,000. CHICAGO TRUST Co NA bought a new position in shares of Information Services Group during the 2nd quarter worth approximately $30,000. Price T Rowe Associates Inc. MD purchased a new stake in Information Services Group during the first quarter valued at approximately $45,000. Arkadios Wealth Advisors acquired a new stake in Information Services Group in the second quarter valued at approximately $32,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Information Services Group in the second quarter worth $35,000. 73.10% of the stock is owned by hedge funds and other 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.