Information Services Group (NASDAQ:III) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Information Services Group (NASDAQ:III) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

Separately, Barrington Research lifted their price target on Information Services Group from $3.75 to $5.50 and gave the stock an “outperform” rating in a research note on Monday.

Information Services Group Stock Up 2.7%

Shares of NASDAQ III opened at $4.95 on Monday. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The firm has a market cap of $238.86 million, a price-to-earnings ratio of -70.70, a PEG ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The stock’s 50-day simple moving average is $3.77 and its 200-day simple moving average is $3.46.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.045 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.18 dividend on an annualized basis and a yield of 3.64%. Information Services Group’s payout ratio is currently 120.00%.

Hedge Funds Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in III. Raymond James Financial Inc. acquired a new position in shares of Information Services Group during the fourth quarter worth approximately $698,000. Private Capital Management LLC boosted its position in shares of Information Services Group by 2.9% during the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock worth $18,422,000 after buying an additional 159,141 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Information Services Group by 11,468.6% during the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider’s stock worth $386,000 after buying an additional 114,686 shares during the period. Mackenzie Financial Corp boosted its position in shares of Information Services Group by 396.6% during the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock worth $384,000 after buying an additional 78,364 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Information Services Group during the first quarter worth approximately $267,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

About Information Services Group

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.