Information Services Group (NASDAQ:III) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Information Services Group (NASDAQ:III) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

A number of other equities analysts also recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $5.50 target price on shares of Information Services Group in a report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Stock Performance

Shares of III stock opened at $4.12 on Friday. The company’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $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 cap of $197.10 million, a PE ratio of 20.60, a P/E/G ratio of 0.90 and a beta of 1.06. Information Services Group has a 12 month low of $3.74 and a 12 month high of $6.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $61.18 million for the quarter, compared to analyst estimates of $60.85 million. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. Equities research analysts expect that Information Services Group 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 dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.18 annualized dividend and a yield of 4.4%. Information Services Group’s dividend payout ratio is currently 90.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GDS Wealth Management acquired a new position in Information Services Group during the 3rd quarter worth approximately $1,118,000. Hillsdale Investment Management Inc. increased its position in Information Services Group by 603.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock worth $2,762,000 after purchasing an additional 412,018 shares in the last quarter. Ritholtz Wealth Management increased its position in Information Services Group by 87.2% during the 3rd quarter. Ritholtz Wealth Management now owns 319,509 shares of the business services provider’s stock worth $1,837,000 after purchasing an additional 148,827 shares in the last quarter. Strs Ohio acquired a new position in Information Services Group during the 3rd quarter worth approximately $591,000. Finally, D Orazio & Associates Inc. increased its position in Information Services Group by 119.0% during the 4th quarter. D Orazio & Associates Inc. now owns 29,740 shares of the business services provider’s stock worth $172,000 after purchasing an additional 16,162 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

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.