Information Services Group (NASDAQ:III) Rating Increased to Strong-Buy at Wall Street Zen

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

Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research note on Friday, October 31st. Barrington Research boosted their target price on shares of Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Information Services Group Stock Down 1.0%

Shares of Information Services Group stock traded down $0.05 on Friday, reaching $5.20. The stock had a trading volume of 403,720 shares, compared to its average volume of 189,658. Information Services Group has a 1 year low of $2.95 and a 1 year high of $6.45. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $4.95. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $249.00 million, a P/E ratio of 34.67, a P/E/G ratio of 1.50 and a beta of 1.32.

Information Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.045 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.5%. Information Services Group’s dividend payout ratio is presently 94.74%.

Institutional Investors Weigh In On Information Services Group

Several hedge funds have recently added to or reduced their stakes in the business. Bailard Inc. acquired a new stake in Information Services Group during the 1st quarter worth about $144,000. Legato Capital Management LLC boosted its stake in shares of Information Services Group by 80.2% in the first quarter. Legato Capital Management LLC now owns 50,595 shares of the business services provider’s stock worth $198,000 after buying an additional 22,521 shares during the last quarter. Equitable Trust Co. grew its holdings in Information Services Group by 6.5% during the first quarter. Equitable Trust Co. now owns 169,587 shares of the business services provider’s stock worth $663,000 after acquiring an additional 10,285 shares during the period. Mackenzie Financial Corp raised its position in 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 valued at $384,000 after acquiring an additional 78,364 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in Information Services Group by 110.9% in the first quarter. XTX Topco Ltd now owns 31,873 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 16,762 shares during the period. 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.