Short Interest in Information Services Group, Inc. (NASDAQ:III) Drops By 15.8%

Information Services Group, Inc. (NASDAQ:III) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 582,091 shares, a decrease of 15.8% from the March 15th total of 691,245 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 256,717 shares, the short-interest ratio is currently 2.3 days.

Information Services Group Stock Performance

Shares of NASDAQ:III traded up $0.11 on Friday, hitting $4.28. The company’s stock had a trading volume of 269,201 shares, compared to its average volume of 212,611. Information Services Group has a 12 month low of $3.51 and a 12 month high of $6.45. The company has a market capitalization of $204.03 million, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The stock’s 50-day moving average is $4.29 and its two-hundred day moving average is $5.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Information Services Group had a return on equity of 11.49% and a net margin of 3.82%.The company had revenue of $61.21 million during the quarter, compared to analysts’ expectations of $61.11 million. On average, equities research analysts forecast that Information Services Group will post 0.09 EPS for the current year.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.18 annualized dividend and a dividend yield of 4.2%. Information Services Group’s dividend payout ratio is presently 100.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Information Services Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock worth $12,809,000 after purchasing an additional 7,216 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Information Services Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,532,910 shares of the business services provider’s stock worth $8,860,000 after purchasing an additional 9,678 shares in the last quarter. Crawford Investment Counsel Inc. grew its stake in shares of Information Services Group by 4.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 904,143 shares of the business services provider’s stock worth $5,226,000 after purchasing an additional 38,516 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Information Services Group by 68.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider’s stock worth $4,663,000 after purchasing an additional 326,385 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Information Services Group by 51.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock valued at $4,459,000 after buying an additional 262,509 shares during the period. Institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Information Services Group presently has a consensus rating of “Hold” and an average price target of $5.50.

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.