Information Services Group (NASDAQ:III) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Information Services Group (NASDAQ:III) from a strong-buy rating to a buy rating in a research note published on Friday.

Other equities analysts also recently issued reports about the stock. Barrington Research increased their price objective on shares of Information Services Group from $3.75 to $5.50 and gave the company an “outperform” rating in a report on Monday, May 12th. Sidoti raised shares of Information Services Group to a “hold” rating in a report on Monday, May 12th.

Information Services Group Stock Performance

III opened at $4.82 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market cap of $232.34 million, a price-to-earnings ratio of -68.85, a PEG ratio of 1.34 and a beta of 1.08. Information Services Group has a 52-week low of $2.92 and a 52-week high of $5.05. The firm’s fifty day simple moving average is $4.16 and its two-hundred day simple moving average is $3.64.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group’s payout ratio is 120.00%.

Hedge Funds Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently modified their holdings of III. SG Americas Securities LLC lifted its stake in shares of Information Services Group by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock worth $69,000 after buying an additional 5,983 shares in the last quarter. Access Investment Management LLC lifted its stake in shares of Information Services Group by 183.8% in the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock worth $35,000 after buying an additional 6,810 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Information Services Group by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after buying an additional 17,629 shares in the last quarter. Private Capital Management LLC lifted its stake in shares of Information Services Group by 2.9% in 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 in the last quarter. Finally, Unified Investment Management purchased a new position in shares of Information Services Group in the fourth quarter worth about $124,000. 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.