Information Services Group (NASDAQ:III) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Information Services Group, Inc. (NASDAQ:III)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.99 and traded as low as $4.07. Information Services Group shares last traded at $4.12, with a volume of 456,539 shares.

Analyst Ratings Changes

III has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. Barrington Research reaffirmed an “outperform” rating and issued a $5.50 target price on shares of Information Services Group in a report on Thursday, April 16th. Finally, Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Information Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Information Services Group Price Performance

The stock has a fifty day moving average of $4.07 and a 200-day moving average of $4.99. The company has a quick ratio of 2.34, a current ratio of 2.65 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $197.10 million, a P/E ratio of 20.60, a PEG ratio of 0.90 and a beta of 1.06.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $61.18 million during the quarter, compared to analysts’ expectations of $60.85 million. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%. Equities analysts predict that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, June 5th. Information Services Group’s dividend payout ratio (DPR) is presently 90.00%.

Institutional Trading of Information Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in III. Vanguard Group Inc. grew its position in shares of Information Services Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock worth $12,809,000 after buying an additional 7,216 shares during the period. Renaissance Technologies LLC grew its position in shares of Information Services Group by 21.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider’s stock worth $7,254,000 after buying an additional 339,343 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Information Services Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,541,036 shares of the business services provider’s stock valued at $5,918,000 after purchasing an additional 8,126 shares during the period. Crawford Investment Counsel Inc. grew its position in shares of Information Services Group by 4.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 904,143 shares of the business services provider’s stock valued at $5,226,000 after purchasing an additional 38,516 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in shares of Information Services Group by 4.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 845,203 shares of the business services provider’s stock valued at $3,246,000 after purchasing an additional 38,500 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.